Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. grew its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,485 shares of the company’s stock after acquiring an additional 80 shares during the period. Pittenger & Anderson Inc.’s holdings in Casey’s General Stores were worth $558,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. QRG Capital Management Inc. purchased a new stake in shares of Casey’s General Stores during the third quarter valued at $209,000. Van ECK Associates Corp lifted its stake in Casey’s General Stores by 40.0% during the third quarter. Van ECK Associates Corp now owns 21,227 shares of the company’s stock valued at $8,289,000 after buying an additional 6,066 shares in the last quarter. Prosperitas Financial LLC lifted its stake in Casey’s General Stores by 8.9% during the third quarter. Prosperitas Financial LLC now owns 6,936 shares of the company’s stock valued at $2,606,000 after buying an additional 566 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Casey’s General Stores by 95.3% in the third quarter. Harbor Capital Advisors Inc. now owns 4,780 shares of the company’s stock worth $1,796,000 after buying an additional 2,333 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Casey’s General Stores by 24.0% in the third quarter. Janney Montgomery Scott LLC now owns 7,210 shares of the company’s stock worth $2,709,000 after acquiring an additional 1,395 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CASY shares. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Royal Bank of Canada raised their target price on Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. Wells Fargo & Company upped their price target on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Benchmark restated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Finally, Melius Research started coverage on Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $407.42.

Casey’s General Stores Trading Up 4.2 %

Shares of NASDAQ CASY opened at $396.90 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 28.89 and a beta of 0.79. The business has a 50 day simple moving average of $378.67 and a 200 day simple moving average of $364.06. Casey’s General Stores, Inc. has a 52 week low of $266.56 and a 52 week high of $401.17.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company posted $4.52 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. On average, research analysts predict that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.50%. Casey’s General Stores’s payout ratio is presently 14.56%.

Insider Transactions at Casey’s General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the transaction, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the transaction, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mike Spanos acquired 267 shares of the stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.