Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,708 shares of the company’s stock after selling 442 shares during the quarter. Yousif Capital Management LLC’s holdings in Casey’s General Stores were worth $3,847,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in Casey’s General Stores by 11.9% in the 3rd quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $290,000 after acquiring an additional 82 shares during the period. Atomi Financial Group Inc. grew its stake in shares of Casey’s General Stores by 10.0% in the third quarter. Atomi Financial Group Inc. now owns 582 shares of the company’s stock worth $219,000 after purchasing an additional 53 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Casey’s General Stores by 6.0% during the third quarter. UMB Bank n.a. now owns 2,483 shares of the company’s stock valued at $933,000 after purchasing an additional 140 shares during the period. Evexia Wealth LLC raised its stake in shares of Casey’s General Stores by 42.7% during the third quarter. Evexia Wealth LLC now owns 14,606 shares of the company’s stock valued at $5,440,000 after purchasing an additional 4,369 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Casey’s General Stores by 4.9% in the third quarter. Ritholtz Wealth Management now owns 1,636 shares of the company’s stock worth $615,000 after purchasing an additional 77 shares during the period. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the topic of several research analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Evercore ISI raised their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Royal Bank of Canada upped their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Finally, Gordon Haskett initiated coverage on Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Down 1.9 %

Shares of Casey’s General Stores stock opened at $426.82 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 12-month low of $275.27 and a 12-month high of $439.68. The firm has a market capitalization of $15.84 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. The stock’s fifty day moving average is $408.73 and its 200-day moving average is $393.39.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.24 earnings per share. Equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mike Spanos acquired 500 shares of Casey’s General Stores stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.