Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Zacks Investment Management

Zacks Investment Management lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,506 shares of the company’s stock after selling 527 shares during the quarter. Zacks Investment Management owned about 0.12% of Casey’s General Stores worth $16,346,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new stake in shares of Casey’s General Stores in the second quarter valued at $32,000. Venturi Wealth Management LLC grew its position in Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 113 shares in the last quarter. V Square Quantitative Management LLC increased its stake in Casey’s General Stores by 22.5% during the third 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 acquired a new stake in shares of Casey’s General Stores during the second quarter worth about $68,000. Finally, Quarry LP purchased a new position in shares of Casey’s General Stores in the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $422.27 on Friday. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 30.73 and a beta of 0.80. Casey’s General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $435.60. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $399.97 and a 200 day moving average price of $378.81.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the firm posted $4.52 EPS. The company’s revenue was up 5.9% on a year-over-year basis. Research analysts predict that Casey’s General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CASY shares. StockNews.com upgraded shares of Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a report on Thursday. Royal Bank of Canada increased their price objective on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Gordon Haskett assumed coverage on Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $408.25.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Mike Spanos purchased 267 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This represents a 11.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores Company 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.