2,100 Casey’s General Stores, Inc. $CASY Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,400 shares of the company’s stock after selling 2,100 shares during the period. Casey’s General Stores accounts for approximately 1.5% of Hennessy Advisors Inc.’s portfolio, making the stock its 12th largest position. Hennessy Advisors Inc.’s holdings in Casey’s General Stores were worth $41,010,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. purchased a new position in Casey’s General Stores during the 2nd quarter valued at about $2,759,895,000. Bank of America Corp DE bought a new stake in Casey’s General Stores in the second quarter valued at $281,872,000. Bank of New York Mellon Corp bought a new stake in Casey’s General Stores in the second quarter valued at $281,011,000. Jupiter Topco LLC bought a new stake in Casey’s General Stores in the second quarter valued at $246,982,000. Finally, Principal Financial Group Inc. increased its position in Casey’s General Stores by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 252,374 shares of the company’s stock valued at $183,693,000 after purchasing an additional 5,294 shares during the period. 85.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank Of Canada upgraded shares of Casey’s General Stores from a “sector perform” rating to an “outperform” rating and decreased their price objective for the stock from $910.00 to $825.00 in a report on Thursday, October 15th. Wall Street Zen lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. KeyCorp cut their target price on shares of Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating on the stock in a research note on Thursday, September 10th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price target on the stock in a research report on Monday, July 13th. Finally, 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 for the company in a research note on Wednesday, September 9th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $835.38.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $680.19 on Monday. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 2.20 and a beta of 0.59. The business’s fifty day moving average is $672.65 and its 200 day moving average is $739.73. Casey’s General Stores, Inc. has a twelve month low of $497.38 and a twelve month high of $927.85. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. The business 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 firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.77 earnings per share. Research analysts expect that Casey’s General Stores, Inc. will post 21.61 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Casey’s General Stores 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.