Prime Capital Investment Advisors LLC Sells 3,003 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Prime Capital Investment Advisors LLC decreased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 38.4% during the third quarter, Holdings Channel reports. The firm owned 4,823 shares of the company’s stock after selling 3,003 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Casey’s General Stores were worth $1,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CASY. Park Place Capital Corp purchased a new stake in Casey’s General Stores during the second quarter valued at approximately $31,000. Advisors Asset Management Inc. purchased a new stake in Casey’s General Stores during the first quarter valued at approximately $32,000. Innealta Capital LLC purchased a new stake in Casey’s General Stores during the second quarter valued at approximately $32,000. Bank & Trust Co purchased a new stake in Casey’s General Stores during the second quarter valued at approximately $40,000. Finally, Venturi Wealth Management LLC increased its holdings in Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after buying an additional 113 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Casey’s General Stores Stock Performance

CASY opened at $409.11 on Thursday. The stock has a market capitalization of $15.19 billion, a price-to-earnings ratio of 29.78 and a beta of 0.79. The company has a fifty day moving average of $385.38 and a 200 day moving average of $368.36. Casey’s General Stores, Inc. has a fifty-two week low of $266.56 and a fifty-two week high of $420.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. Casey’s General Stores’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $4.52 earnings per share. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.49%. Casey’s General Stores’s payout ratio is 14.56%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Gordon Haskett assumed coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Melius Research assumed coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price for the company. Evercore ISI increased their price objective on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $408.25.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.