Canandaigua National Bank & Trust Co. Sells 91 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Canandaigua National Bank & Trust Co. lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 677 shares of the company’s stock after selling 91 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Casey’s General Stores were worth $268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Venturi Wealth Management LLC boosted its holdings in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 113 shares during the last quarter. V Square Quantitative Management LLC lifted 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 purchasing an additional 29 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter valued at $68,000. Quarry LP acquired a new stake in shares of Casey’s General Stores during the second quarter worth $72,000. Finally, Kennebec Savings Bank bought a new position in Casey’s General Stores during the third quarter worth $76,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CASY. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price target on the stock. Melius Research initiated coverage on Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 target price for the company. BMO Capital Markets restated a “market perform” rating and set a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Benchmark reiterated a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Finally, StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Price Performance

CASY stock opened at $396.76 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.44 and a current ratio of 0.88. The business has a 50-day simple moving average of $410.07 and a two-hundred day simple moving average of $388.32. The company has a market capitalization of $14.73 billion, a P/E ratio of 27.65 and a beta of 0.82. Casey’s General Stores, Inc. has a 52-week low of $268.07 and a 52-week high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the firm earned $4.24 earnings per share. Casey’s General Stores’s quarterly revenue was down 2.9% on a year-over-year basis. Research analysts expect that Casey’s General Stores, Inc. will post 14.28 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.50%. 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 other 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 transaction of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $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 available through the SEC website. Also, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. The trade was 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.

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.