Mitchell Sinkler & Starr PA Trims Stock Position in Casey’s General Stores, Inc. $CASY

Mitchell Sinkler & Starr PA decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 890 shares of the company’s stock after selling 50 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Casey’s General Stores were worth $454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Financial Services LLC acquired a new position in Casey’s General Stores during the second quarter worth approximately $220,000. CWM LLC grew its holdings in Casey’s General Stores by 1.8% during the 2nd quarter. CWM LLC now owns 5,252 shares of the company’s stock valued at $2,680,000 after purchasing an additional 92 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Casey’s General Stores by 10.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,195 shares of the company’s stock valued at $3,162,000 after purchasing an additional 562 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Casey’s General Stores by 31.2% during the 2nd quarter. Apollon Wealth Management LLC now owns 614 shares of the company’s stock valued at $313,000 after purchasing an additional 146 shares in the last quarter. Finally, West Bancorporation Inc. acquired a new stake in Casey’s General Stores during the 2nd quarter valued at $278,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CASY. Wells Fargo & Company raised their price target on shares of Casey’s General Stores from $540.00 to $580.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Wednesday. The Goldman Sachs Group raised their price target on shares of Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 14th. Finally, Evercore ISI increased their price objective on shares of Casey’s General Stores from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $533.10.

Casey’s General Stores Trading Up 0.8%

Shares of NASDAQ:CASY opened at $556.67 on Friday. The company has a market cap of $20.70 billion, a PE ratio of 35.73 and a beta of 0.68. The company’s 50-day moving average price is $529.63 and its 200 day moving average price is $493.71. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $571.57. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, beating the consensus estimate of $5.02 by $0.75. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. Casey’s General Stores’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $4.83 EPS. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Profile

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.