Dearborn Partners LLC Sells 2,894 Shares of Casey’s General Stores, Inc. $CASY

Dearborn Partners LLC cut its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,147 shares of the company’s stock after selling 2,894 shares during the period. Casey’s General Stores comprises approximately 2.3% of Dearborn Partners LLC’s portfolio, making the stock its 5th largest position. Dearborn Partners LLC’s holdings in Casey’s General Stores were worth $45,956,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cibc World Market Inc. lifted its position in shares of Casey’s General Stores by 0.3% in the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock worth $2,839,000 after purchasing an additional 16 shares during the period. FSB Premier Wealth Management Inc. lifted its position in shares of Casey’s General Stores by 0.8% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock worth $1,292,000 after purchasing an additional 18 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Casey’s General Stores by 9.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after purchasing an additional 19 shares during the period. Finally, ORG Partners LLC lifted its position in shares of Casey’s General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after purchasing an additional 20 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Price Performance

CASY opened at $761.91 on Friday. The firm has a market cap of $28.16 billion, a P/E ratio of 43.74, a PEG ratio of 2.11 and a beta of 0.61. The firm has a 50-day moving average of $788.35 and a 200 day moving average of $675.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores, Inc. has a fifty-two week low of $433.63 and a fifty-two week high of $901.00.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The firm had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business earned $2.33 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, research analysts expect that Casey’s General Stores, Inc. will post 18.16 EPS for the current year.

Analyst Ratings Changes

CASY has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Casey’s General Stores from $745.00 to $910.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. initiated coverage on shares of Casey’s General Stores in a research report on Thursday, March 26th. They set a “neutral” rating and a $719.00 target price on the stock. BMO Capital Markets reiterated a “market perform” rating and set a $700.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 4th. Stephens reiterated an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Finally, Evercore reiterated an “outperform” rating and set a $915.00 target price on shares of Casey’s General Stores in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus price target of $761.36.

Insider Buying and Selling

In other news, Director Mike Spanos bought 300 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the acquisition, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at $2,758,798.56. This represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.