Segall Bryant & Hamill LLC Sells 5,615 Shares of Casey’s General Stores, Inc. $CASY

Segall Bryant & Hamill LLC cut its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 48,788 shares of the company’s stock after selling 5,615 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Casey’s General Stores were worth $24,895,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Summit Securities Group LLC bought a new position in shares of Casey’s General Stores in the first quarter worth about $32,000. Nvwm LLC acquired a new position in Casey’s General Stores during the 2nd quarter worth approximately $32,000. Rossby Financial LCC lifted its stake in Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after purchasing an additional 58 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Casey’s General Stores in the second quarter valued at approximately $42,000. Finally, WPG Advisers LLC bought a new stake in shares of Casey’s General Stores during the first quarter worth $47,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In other news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider owned 7,993 shares in the company, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of Casey’s General Stores in a report on Thursday, November 13th. Evercore ISI upped their target price on Casey’s General Stores from $580.00 to $585.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. The Goldman Sachs Group increased their target price on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. KeyCorp boosted their price target on Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $564.00.

Casey’s General Stores Stock Up 1.6%

Shares of CASY opened at $560.30 on Friday. The company has a market capitalization of $20.83 billion, a PE ratio of 35.96 and a beta of 0.66. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $572.18. The stock’s 50-day moving average price is $546.25 and its two-hundred day moving average price is $513.35. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results 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. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter in the prior year, the firm posted $4.83 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Saturday, November 1st were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, October 31st. Casey’s General Stores’s dividend payout ratio is currently 14.63%.

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.