New Hampshire Trust Sells 145 Shares of Casey’s General Stores, Inc. $CASY

New Hampshire Trust reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 18.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 621 shares of the company’s stock after selling 145 shares during the quarter. New Hampshire Trust’s holdings in Casey’s General Stores were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Casey’s General Stores during the 1st quarter valued at $32,000. Iron Horse Wealth Management LLC raised its holdings in Casey’s General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after buying an additional 26 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Casey’s General Stores during the 2nd quarter valued at $42,000. WPG Advisers LLC bought a new stake in Casey’s General Stores during the 1st quarter valued at $47,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Casey’s General Stores by 242.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after buying an additional 68 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction dated Monday, September 29th. The shares were 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 directly owned 7,993 shares in the company, valued at $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CASY. Jefferies Financial Group upped their price target on shares of Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Wells Fargo & Company initiated coverage on shares of Casey’s General Stores in a report on Wednesday, October 15th. They issued an “overweight” rating and a $610.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Evercore ISI upped their price objective on shares of Casey’s General Stores from $580.00 to $585.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Stephens restated an “overweight” rating and issued a $570.00 price objective on shares of Casey’s General Stores in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $536.60.

Casey’s General Stores Stock Down 0.3%

Shares of Casey’s General Stores stock opened at $531.14 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The company has a 50-day moving average of $537.18 and a 200 day moving average of $502.35. The firm has a market cap of $19.75 billion, a price-to-earnings ratio of 34.09 and a beta of 0.68. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.75. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates 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 business earned $4.83 EPS. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

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