Financial Counselors Inc. Sells 3,553 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Financial Counselors Inc. reduced its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,026 shares of the company’s stock after selling 3,553 shares during the period. Financial Counselors Inc. owned approximately 0.12% of Casey’s General Stores worth $16,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Casey’s General Stores by 4.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,273 shares of the company’s stock valued at $3,108,000 after purchasing an additional 336 shares during the period. CreativeOne Wealth LLC grew its position in Casey’s General Stores by 76.7% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,002 shares of the company’s stock worth $376,000 after acquiring an additional 435 shares during the last quarter. Soros Capital Management LLC grew its position in Casey’s General Stores by 1,825.6% during the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock worth $10,382,000 after acquiring an additional 26,197 shares during the last quarter. Freedom Investment Management Inc. grew its position in Casey’s General Stores by 11.1% during the 3rd quarter. Freedom Investment Management Inc. now owns 1,387 shares of the company’s stock worth $521,000 after acquiring an additional 139 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Casey’s General Stores by 40.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,346 shares of the company’s stock worth $6,517,000 after acquiring an additional 5,021 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CASY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI increased their price target on Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. Melius Research initiated coverage on Casey’s General Stores in a research report on Monday, September 23rd. They set a “buy” rating and a $435.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $408.25.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos acquired 267 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $376.18 per share, with a total value of $100,440.06. Following the purchase, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This represents a 11.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction 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 in the company, valued at $27,655,284.52. The trade was a 15.46 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Performance

CASY stock opened at $420.98 on Thursday. The business’s fifty day moving average is $392.28 and its 200-day moving average is $374.41. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The company has a market cap of $15.63 billion, a P/E ratio of 30.64 and a beta of 0.79. Casey’s General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $435.60.

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

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.