Casey’s General Stores, Inc. $CASY Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 448,649 shares of the company’s stock after selling 12,527 shares during the period. Dimensional Fund Advisors LP’s holdings in Casey’s General Stores were worth $326,492,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CASY. Whipplewood Advisors LLC acquired a new stake in shares of Casey’s General Stores in the first quarter worth $33,000. True Wealth Design LLC grew its holdings 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 holdings in shares of Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares in the last quarter. ORG Partners LLC grew its stake in Casey’s General Stores by 47.6% in the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after purchasing an additional 20 shares in the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Casey’s General Stores during the 1st quarter worth about $52,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analysts Set New Price Targets

CASY has been the subject of several recent research reports. KeyCorp boosted their target price on shares of Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Wolfe Research reiterated an “outperform” rating and set a $1,069.00 price target on shares of Casey’s General Stores in a report on Thursday, June 11th. The Goldman Sachs Group boosted their target price on shares of Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. UBS Group upped their price target on Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Finally, Royal Bank Of Canada upped their price objective on shares of Casey’s General Stores from $794.00 to $850.00 and gave the company a “sector perform” rating in a research report on Thursday, June 25th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $940.00.

Insider Activity

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 19,000 shares of Casey’s General Stores stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total value of $15,227,740.00. Following the completion of the transaction, the chief executive officer owned 89,174 shares in the company, valued at approximately $71,469,394.04. The trade was a 17.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of Casey’s General Stores stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total value of $4,777,512.00. Following the completion of the transaction, the chief financial officer directly owned 29,677 shares of the company’s stock, valued at $24,874,074.32. This represents a 16.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 30,243 shares of company stock worth $24,421,877. 0.54% of the stock is currently owned by insiders.

Casey’s General Stores Trading Down 0.9%

Shares of CASY opened at $858.26 on Wednesday. The stock has a 50 day simple moving average of $822.17 and a 200-day simple moving average of $737.11. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. The stock has a market cap of $31.76 billion, a PE ratio of 44.79, a PEG ratio of 2.60 and a beta of 0.62. Casey’s General Stores, Inc. has a 1 year low of $490.00 and a 1 year high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $1.06. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.63 earnings per share. On average, sell-side analysts predict that Casey’s General Stores, Inc. will post 21.14 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be given a dividend of $0.65 per share. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is currently 11.90%.

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.