Casey’s General Stores, Inc. $CASY Shares Sold by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,156 shares of the company’s stock after selling 1,446 shares during the period. Zions Bancorporation National Association UT’s holdings in Casey’s General Stores were worth $3,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Steph & Co. grew its stake in shares of Casey’s General Stores by 2.2% in the 3rd quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after purchasing an additional 18 shares during the last quarter. LifeWealth Investments LLC grew its position in Casey’s General Stores by 2.1% in the third quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock worth $485,000 after buying an additional 18 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Casey’s General Stores by 2.8% in the third quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after buying an additional 20 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Casey’s General Stores by 0.5% in the second quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock valued at $2,116,000 after buying an additional 21 shares in the last quarter. Finally, Eukles Asset Management lifted its position in shares of Casey’s General Stores by 0.5% during the 3rd quarter. Eukles Asset Management now owns 4,253 shares of the company’s stock valued at $2,404,000 after acquiring an additional 21 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Moats Maria Castanon acquired 300 shares of the company’s stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the acquisition, the director owned 803 shares of the company’s stock, valued at $445,391.98. This trade represents a 59.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CASY. Stephens boosted their target price on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. KeyCorp reiterated an “overweight” rating and set a $700.00 price objective on shares of Casey’s General Stores in a research report on Thursday. Bank of America assumed coverage on Casey’s General Stores in a research note on Friday, January 9th. They set a “buy” rating for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $530.00 target price on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Finally, Evercore raised their target price on Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $615.50.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $665.86 on Monday. The stock has a 50-day simple moving average of $597.18 and a 200 day simple moving average of $558.08. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 2.35 and a beta of 0.68. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $678.67.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the previous year, the firm posted $4.85 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Sunday, February 1st were given a dividend of $0.57 per share. The ex-dividend date was Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is presently 14.02%.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.