Casey’s General Stores, Inc. $CASY Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,568 shares of the company’s stock after selling 13,588 shares during the period. Thrivent Financial for Lutherans’ holdings in Casey’s General Stores were worth $98,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Casey’s General Stores during the 3rd quarter valued at approximately $25,000. Westside Investment Management Inc. raised its position in shares of Casey’s General Stores by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after acquiring an additional 23 shares in the last quarter. True Wealth Design LLC raised its position in shares of Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Central Pacific Bank Trust Division raised its position in shares of Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Casey’s General Stores during the 3rd quarter valued at approximately $33,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CASY. Northcoast Research lowered Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. began coverage on Casey’s General Stores in a research report on Thursday, March 26th. They set a “neutral” rating and a $719.00 price target on the stock. BMO Capital Markets reissued a “market perform” rating and set a $700.00 price target on shares of Casey’s General Stores in a research report on Wednesday, March 4th. The Goldman Sachs Group upped their price target on Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Finally, Royal Bank Of Canada upped their price target on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $725.09.

Casey’s General Stores Trading Down 1.2%

NASDAQ:CASY opened at $877.48 on Friday. Casey’s General Stores, Inc. has a 1 year low of $430.00 and a 1 year high of $901.00. The stock has a market cap of $32.43 billion, a price-to-earnings ratio of 50.37, a PEG ratio of 2.46 and a beta of 0.65. The business has a fifty day moving average of $748.46 and a 200-day moving average of $645.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $2.33 earnings per share. Equities analysts predict that Casey’s General Stores, Inc. will post 18.24 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.09%.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at $2,758,798.56. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 300 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director directly owned 4,499 shares in the company, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.