Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. lowered its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,408 shares of the company’s stock after selling 307 shares during the quarter. Casey’s General Stores makes up approximately 3.8% of Arkfeld Wealth Strategies L.L.C.’s holdings, making the stock its 8th biggest holding. Arkfeld Wealth Strategies L.L.C. owned approximately 0.06% of Casey’s General Stores worth $7,934,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc raised its stake in Casey’s General Stores by 10.1% during the second quarter. AdvisorNet Financial Inc now owns 317 shares of the company’s stock worth $121,000 after purchasing an additional 29 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Casey’s General Stores by 0.3% in the second quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company’s stock valued at $4,872,000 after acquiring an additional 37 shares during the last quarter. GAMMA Investing LLC grew its position in Casey’s General Stores by 12.8% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $112,000 after acquiring an additional 40 shares during the period. Prairie Wealth Advisors Inc. increased its stake in Casey’s General Stores by 0.9% during the second quarter. Prairie Wealth Advisors Inc. now owns 4,535 shares of the company’s stock worth $1,730,000 after acquiring an additional 40 shares during the last quarter. Finally, Mckinley Capital Management LLC raised its holdings in shares of Casey’s General Stores by 1.9% in the 1st quarter. Mckinley Capital Management LLC now owns 2,705 shares of the company’s stock worth $861,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In related news, Director Mike Spanos purchased 267 shares of Casey’s General Stores stock in a transaction dated Wednesday, September 18th. The stock was bought at an average cost of $376.18 per share, with a total value of $100,440.06. Following the purchase, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mike Spanos purchased 267 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was acquired 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 represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.47% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock traded up $4.17 during trading hours on Tuesday, reaching $394.95. The stock had a trading volume of 56,108 shares, compared to its average volume of 275,136. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The firm has a 50-day simple moving average of $373.33 and a 200-day simple moving average of $355.74. The firm has a market capitalization of $14.66 billion, a PE ratio of 29.10 and a beta of 0.80. Casey’s General Stores, Inc. has a twelve month low of $260.13 and a twelve month high of $401.07.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business earned $4.52 earnings per share. Casey’s General Stores’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 14.89%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CASY. JPMorgan Chase & Co. lowered Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $300.00 to $337.00 in a research report on Thursday, September 19th. Evercore ISI boosted their price objective on shares of Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a research report on Thursday, July 11th. Benchmark reiterated a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $407.64.

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.