Townsquare Capital LLC Has $6.44 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Townsquare Capital LLC lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,133 shares of the company’s stock after selling 627 shares during the period. Townsquare Capital LLC’s holdings in Casey’s General Stores were worth $6,437,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CASY. Park Place Capital Corp bought a new position in Casey’s General Stores in the 2nd quarter valued at about $31,000. Advisors Asset Management Inc. bought a new position in Casey’s General Stores in the first quarter valued at approximately $32,000. Innealta Capital LLC acquired a new position in Casey’s General Stores during the second quarter valued at approximately $32,000. Bank & Trust Co bought a new stake in Casey’s General Stores during the second quarter worth $40,000. Finally, Venturi Wealth Management LLC lifted its stake in Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CASY shares. Gordon Haskett assumed coverage on Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price target for the company. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Benchmark restated a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Wells Fargo & Company lifted their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Melius Research started coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Stock Down 1.3 %

Shares of CASY opened at $420.98 on Friday. The company has a market capitalization of $15.63 billion, a PE ratio of 30.64 and a beta of 0.79. The stock’s 50-day moving average price is $393.24 and its two-hundred day moving average price is $374.74. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $435.60.

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

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos bought 267 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the transaction, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This represents a 15.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

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.