Eqis Capital Management Inc. lessened its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,245 shares of the company’s stock after selling 267 shares during the period. Eqis Capital Management Inc.’s holdings in Casey’s General Stores were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CI Investments Inc. purchased a new stake in shares of Casey’s General Stores during the 3rd quarter valued at about $41,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in Casey’s General Stores by 41.7% in the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 510 shares of the company’s stock worth $90,000 after acquiring an additional 150 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Casey’s General Stores in the 2nd quarter worth approximately $149,000. Point72 Hong Kong Ltd purchased a new stake in Casey’s General Stores in the 2nd quarter worth approximately $171,000. Finally, Intrust Bank NA purchased a new stake in Casey’s General Stores in the 3rd quarter worth approximately $211,000. Institutional investors own 83.47% of the company’s stock.

Several research analysts have weighed in on CASY shares. Zacks Investment Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating and set a $185.00 price target for the company. in a research note on Wednesday, November 4th. Raymond James upgraded Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research note on Thursday, September 10th. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $168.00 to $171.00 in a research note on Monday, September 14th. They noted that the move was a valuation call. Stephens upgraded Casey’s General Stores from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $172.00 to $210.00 in a research note on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Casey’s General Stores from $195.00 to $218.00 and gave the stock a “buy” rating in a research note on Tuesday, November 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $199.20.

CASY stock opened at $179.00 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.05 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $181.85 and its two-hundred day simple moving average is $167.57. Casey’s General Stores, Inc. has a twelve month low of $114.01 and a twelve month high of $196.57. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 22.29 and a beta of 0.89.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $3.24 EPS for the quarter, beating the consensus estimate of $2.06 by $1.18. The firm had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.12 billion. Casey’s General Stores had a return on equity of 18.25% and a net margin of 3.45%. The business’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.31 earnings per share. Research analysts expect that Casey’s General Stores, Inc. will post 7.79 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 16th. Stockholders of record on Monday, November 2nd were paid a dividend of $0.32 per share. The ex-dividend date was Friday, October 30th. This represents a $1.28 annualized dividend and a dividend yield of 0.72%. Casey’s General Stores’s dividend payout ratio is currently 18.03%.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages, tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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