Robbins Farley Decreases Stock Position in Casey’s General Stores, Inc. $CASY

Robbins Farley cut its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 16.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,855 shares of the company’s stock after selling 1,371 shares during the quarter. Casey’s General Stores accounts for approximately 2.1% of Robbins Farley’s holdings, making the stock its 20th largest position. Robbins Farley’s holdings in Casey’s General Stores were worth $5,448,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fiduciary Financial Advisors bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth $26,000. Whipplewood Advisors LLC bought a new position in shares of Casey’s General Stores during the first quarter valued at $33,000. Bell Investment Advisors Inc bought a new position in shares of Casey’s General Stores during the second quarter valued at $33,000. Caitlin John LLC purchased a new stake in shares of Casey’s General Stores during the second quarter valued at $35,000. Finally, Larson Financial Group LLC boosted its position in shares of Casey’s General Stores by 252.4% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock valued at $41,000 after buying an additional 53 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Down 1.7%

CASY opened at $753.59 on Thursday. The firm’s 50 day simple moving average is $828.07 and its two-hundred day simple moving average is $784.33. The company has a market capitalization of $27.89 billion, a PE ratio of 39.33, a PEG ratio of 2.62 and a beta of 0.59. Casey’s General Stores, Inc. has a 1-year low of $493.70 and a 1-year high of $927.85. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.63 EPS. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 21.11 EPS for the current year.

Insider Buying and Selling at Casey’s General Stores

In other news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of Casey’s General Stores stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the transaction, the chief financial officer directly owned 29,677 shares of the company’s stock, valued at $24,874,074.32. The trade was a 16.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Darren M. Rebelez sold 19,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total value of $15,227,740.00. Following the transaction, the chief executive officer owned 89,174 shares of the company’s stock, valued at approximately $71,469,394.04. This trade represents a 17.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,243 shares of company stock valued at $24,421,877 in the last ninety days. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CASY has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Capital One Financial assumed coverage on shares of Casey’s General Stores in a report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. BNP Paribas Exane decreased their price objective on shares of Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Finally, Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Fourteen 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 stock presently has an average rating of “Moderate Buy” and an average price target of $942.87.

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.