Burney Co. Sells 220 Shares of Casey’s General Stores, Inc. $CASY

Burney Co. cut its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,588 shares of the company’s stock after selling 220 shares during the quarter. Burney Co.’s holdings in Casey’s General Stores were worth $1,831,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Versor Investments LP bought a new position in Casey’s General Stores in the 2nd quarter worth about $550,000. Hills Bank & Trust Co increased its position in shares of Casey’s General Stores by 42.4% during the second quarter. Hills Bank & Trust Co now owns 339 shares of the company’s stock valued at $173,000 after buying an additional 101 shares during the period. Syverson Strege & Co bought a new stake in shares of Casey’s General Stores during the second quarter valued at about $202,000. Creekmur Asset Management LLC increased its position in shares of Casey’s General Stores by 381.5% during the second quarter. Creekmur Asset Management LLC now owns 7,622 shares of the company’s stock valued at $3,889,000 after buying an additional 6,039 shares during the period. Finally, UNIVEST FINANCIAL Corp increased its position in shares of Casey’s General Stores by 157.2% during the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after buying an additional 5,230 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the transaction, the insider owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This represents a 30.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CASY. Jefferies Financial Group upped their price target on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group upped their price target on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Evercore ISI upped their price target on Casey’s General Stores from $580.00 to $585.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Finally, KeyCorp boosted their target price on Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $551.78.

Casey’s General Stores Trading Up 1.8%

CASY opened at $522.95 on Wednesday. The business has a 50 day simple moving average of $539.79 and a two-hundred day simple moving average of $506.53. The firm has a market capitalization of $19.44 billion, a price-to-earnings ratio of 33.57 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.Casey’s General Stores’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.83 EPS. Analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.