Casey’s General Stores, Inc. $CASY Shares Sold by Integrity Alliance LLC.

Integrity Alliance LLC. lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 43.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,757 shares of the company’s stock after selling 3,719 shares during the period. Integrity Alliance LLC.’s holdings in Casey’s General Stores were worth $2,895,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Casey’s General Stores in the 2nd quarter valued at $2,759,895,000. Bank of America Corp DE purchased a new position in Casey’s General Stores during the second quarter worth about $281,872,000. Bank of New York Mellon Corp acquired a new stake in Casey’s General Stores in the second quarter valued at about $281,011,000. Jupiter Topco LLC purchased a new stake in Casey’s General Stores in the 2nd quarter valued at approximately $246,982,000. Finally, Principal Financial Group Inc. boosted its holdings in Casey’s General Stores by 2.1% in 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 in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $674.84 on Thursday. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.15 and a beta of 0.59. The company has a 50 day moving average price of $662.52 and a 200 day moving average price of $740.48. Casey’s General Stores, Inc. has a one year low of $513.10 and a one year high of $927.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same period last year, the company posted $5.77 EPS. The business’s quarterly revenue was up 24.3% on a year-over-year basis. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 21.61 EPS for the current year.

Casey’s General Stores Dividend Announcement

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

Analyst Ratings Changes

CASY has been the topic of a number of recent analyst reports. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price objective on the stock in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $933.00 target price on shares of Casey’s General Stores in a research report on Thursday, September 10th. BMO Capital Markets set a $810.00 price target on shares of Casey’s General Stores in a research report on Thursday, September 10th. Wells Fargo & Company decreased their price target on 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. Finally, Wall Street Zen lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.