Inspire Investing LLC Sells 1,453 Shares of Casey’s General Stores, Inc. $CASY

Inspire Investing LLC reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,930 shares of the company’s stock after selling 1,453 shares during the quarter. Inspire Investing LLC’s holdings in Casey’s General Stores were worth $6,650,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Financial Advisors acquired a new position in Casey’s General Stores in the 2nd quarter valued at $26,000. Polaris Financial Partners bought a new position in Casey’s General Stores during the 3rd quarter worth $29,000. Whipplewood Advisors LLC bought a new position in Casey’s General Stores during the 1st quarter worth $33,000. Bell Investment Advisors Inc bought a new position in Casey’s General Stores during the 2nd quarter worth $33,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of Casey’s General Stores by 72.0% during the second quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock worth $34,000 after buying an additional 18 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $699.26 on Friday. The firm has a market cap of $25.84 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 2.31 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61. The stock’s fifty day moving average price is $686.97 and its two-hundred day moving average price is $773.16. Casey’s General Stores, Inc. has a one year low of $497.38 and a one year high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The company’s revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.77 EPS. As a group, research analysts expect that Casey’s General Stores, Inc. will post 21.61 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey’s General Stores’s payout ratio is 12.52%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CASY. Royal Bank Of Canada raised shares of Casey’s General Stores from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from $910.00 to $825.00 in a research report on Thursday, October 15th. Wells Fargo & Company decreased their price target on shares of Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. The Goldman Sachs Group set a $750.00 price target on shares of Casey’s General Stores in a research report on Wednesday, September 9th. JPMorgan Chase & Co. dropped their price objective on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating for the company in a research note on Thursday, September 3rd. Finally, Raymond James Financial raised shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 price objective for the company in a report on Thursday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $835.38.

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.