Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,329 shares of the company’s stock after selling 317 shares during the quarter. Westover Capital Advisors LLC’s holdings in Casey’s General Stores were worth $1,270,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CASY. Rise Advisors LLC bought a new stake in Casey’s General Stores in the first quarter valued at $30,000. Park Place Capital Corp acquired a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $31,000. Advisors Asset Management Inc. acquired a new position in shares of Casey’s General Stores during the first quarter worth approximately $32,000. Innealta Capital LLC bought a new position in Casey’s General Stores in the 2nd quarter worth approximately $32,000. Finally, V Square Quantitative Management LLC bought a new position in Casey’s General Stores in the 4th quarter worth approximately $35,000. 85.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now directly owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

Casey’s General Stores Trading Down 0.1 %

Shares of Casey’s General Stores stock opened at $381.63 on Friday. The company’s fifty day moving average price is $373.93 and its two-hundred day moving average price is $345.01. The firm has a market capitalization of $14.17 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80. Casey’s General Stores, Inc. has a 52-week low of $260.13 and a 52-week high of $401.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business posted $4.52 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts expect that Casey’s General Stores, Inc. will post 14.15 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 14.89%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CASY. JPMorgan Chase & Co. upped their price objective on shares of Casey’s General Stores from $298.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Benchmark reiterated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a research report on Thursday, July 11th. Finally, StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $401.20.

About Casey’s General Stores

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.