Steph & Co. Sells 302 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Steph & Co. reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 28.3% in the fourth quarter, HoldingsChannel reports. The firm owned 765 shares of the company’s stock after selling 302 shares during the period. Steph & Co.’s holdings in Casey’s General Stores were worth $303,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in shares of Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after buying an additional 113 shares during the last quarter. V Square Quantitative Management LLC grew its position in shares of Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the last quarter. Quarry LP bought a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $72,000. Kennebec Savings Bank purchased a new stake in Casey’s General Stores during the third quarter valued at approximately $76,000. Finally, Peterson Financial Group Inc. acquired a new stake in Casey’s General Stores in the third quarter valued at approximately $118,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 0.9 %

Casey’s General Stores stock opened at $391.30 on Thursday. Casey’s General Stores, Inc. has a 52 week low of $268.07 and a 52 week high of $439.68. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. The business’s 50-day moving average price is $409.37 and its 200 day moving average price is $388.80. 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 (NASDAQ:CASY) last posted its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. The firm 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 previous year, the firm earned $4.24 EPS. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given 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 Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CASY shares. Deutsche Bank Aktiengesellschaft increased their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Evercore ISI lifted their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Gordon Haskett started coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 price target on the stock. Finally, StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $424.00.

Insider Activity at Casey’s General Stores

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

Casey’s General Stores 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.