CENTRAL TRUST Co Buys 1,188 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

CENTRAL TRUST Co grew its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 250.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,663 shares of the company’s stock after acquiring an additional 1,188 shares during the period. CENTRAL TRUST Co’s holdings in Casey’s General Stores were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CASY. Susquehanna Fundamental Investments LLC acquired a new position in Casey’s General Stores during the 1st quarter valued at about $794,000. Nordea Investment Management AB grew its holdings in Casey’s General Stores by 2.0% during the 1st quarter. Nordea Investment Management AB now owns 21,919 shares of the company’s stock worth $6,976,000 after acquiring an additional 437 shares during the period. Bailard Inc. bought a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $1,021,000. SG Americas Securities LLC bought a new stake in Casey’s General Stores in the second quarter valued at about $2,183,000. Finally, Monument Capital Management raised its position in shares of Casey’s General Stores by 40.8% in the 1st quarter. Monument Capital Management now owns 7,821 shares of the company’s stock valued at $2,490,000 after acquiring an additional 2,268 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Wells Fargo & Company raised their price target on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a report on Tuesday, September 10th. Melius Research initiated coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price on the stock. Finally, Royal Bank of Canada upped their price target on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $408.09.

Insider Activity

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

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $391.13 on Friday. 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 business has a 50-day moving average of $376.38 and a 200-day moving average of $360.19. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of 29.12 and a beta of 0.80. Casey’s General Stores, Inc. has a fifty-two week low of $266.55 and a fifty-two week high of $401.07.

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

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio is currently 14.89%.

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.