Segall Bryant & Hamill LLC Sells 9,138 Shares of Casey’s General Stores, Inc. $CASY

Segall Bryant & Hamill LLC decreased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 18.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,650 shares of the company’s stock after selling 9,138 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Casey’s General Stores were worth $22,415,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its position in shares of Casey’s General Stores by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 23 shares during the period. Atlantic Union Bankshares Corp bought a new position in Casey’s General Stores in the third quarter worth about $33,000. Nvwm LLC bought a new position in Casey’s General Stores in the second quarter worth about $32,000. Cornerstone Planning Group LLC lifted its holdings in Casey’s General Stores by 490.9% in the third quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock worth $34,000 after buying an additional 54 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in Casey’s General Stores during the 2nd quarter valued at approximately $45,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CASY shares. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a research note on Thursday, January 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Bank of America initiated coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $530.00 price target on shares of Casey’s General Stores in a research note on Wednesday, December 10th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $631.00.

Insider Activity

In other news, Director Moats Maria Castanon bought 300 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were purchased at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the purchase, the director owned 803 shares in the company, valued at approximately $445,391.98. This represents a 59.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Trading Down 1.3%

Casey’s General Stores stock opened at $678.22 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $625.80 and its two-hundred day simple moving average is $571.26. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $690.00. The company has a market capitalization of $25.14 billion, a price-to-earnings ratio of 41.71, a price-to-earnings-growth ratio of 2.43 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.61. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The company’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the company earned $4.85 earnings per share. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Sunday, February 1st were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s payout ratio is 14.02%.

About Casey’s General Stores

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.