Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 56.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,600 shares of the company’s stock after selling 37,500 shares during the quarter. Rheos Capital Works Inc. owned about 0.08% of Casey’s General Stores worth $10,745,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its stake in Casey’s General Stores by 1.4% during the first quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock worth $244,592,000 after purchasing an additional 10,841 shares during the period. Dimensional Fund Advisors LP increased its stake in Casey’s General Stores by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after purchasing an additional 14,750 shares during the period. Envestnet Asset Management Inc. increased its stake in Casey’s General Stores by 20.4% during the second quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock worth $174,771,000 after purchasing an additional 77,515 shares during the period. Congress Asset Management Co. MA purchased a new stake in Casey’s General Stores during the first quarter worth about $112,081,000. Finally, Principal Financial Group Inc. increased its stake in Casey’s General Stores by 113.0% during the first quarter. Principal Financial Group Inc. now owns 291,838 shares of the company’s stock worth $92,936,000 after purchasing an additional 154,803 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a research note on Thursday, July 11th. Evercore ISI upped their target price on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $408.09.

Casey’s General Stores Price Performance

CASY stock opened at $389.72 on Thursday. The company has a market capitalization of $14.46 billion, a P/E ratio of 29.02 and a beta of 0.80. Casey’s General Stores, Inc. has a twelve month low of $260.13 and a twelve month high of $401.07. The business has a 50 day simple moving average of $374.09 and a 200-day simple moving average of $356.47. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last issued 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. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the company earned $4.52 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts anticipate that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s dividend payout ratio is presently 14.89%.

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.