Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 90,651 shares of the company’s stock after selling 156 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Casey’s General Stores were worth $34,058,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Park Place Capital Corp purchased a new stake in shares of Casey’s General Stores during the second quarter valued at $31,000. Advisors Asset Management Inc. acquired a new stake in Casey’s General Stores during the 1st quarter worth about $32,000. Innealta Capital LLC purchased a new stake in Casey’s General Stores during the second quarter valued at about $32,000. Bank & Trust Co acquired a new position in shares of Casey’s General Stores in the second quarter worth about $40,000. Finally, Venturi Wealth Management LLC increased its position in shares of Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores 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 value of $1,140,720.00. Following the sale, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The trade was a 24.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The trade was a 15.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $426.69 on Tuesday. The firm has a market cap of $15.84 billion, a P/E ratio of 31.05 and a beta of 0.79. The stock’s 50-day moving average is $391.26 and its two-hundred day moving average is $373.78. Casey’s General Stores, Inc. has a fifty-two week low of $266.56 and a fifty-two week high of $435.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates 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 firm posted $4.52 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Casey’s General Stores, Inc. will post 14.22 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Gordon Haskett started coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target for the company. Melius Research began coverage on Casey’s General Stores in a research report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective for the company. Wells Fargo & Company upped their target price on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Benchmark reissued a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Company Profile

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.