Citigroup Inc. Raises Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Citigroup Inc. increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.9% in the third quarter, Holdings Channel reports. The firm owned 17,852 shares of the company’s stock after acquiring an additional 332 shares during the period. Citigroup Inc.’s holdings in Casey’s General Stores were worth $6,707,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. boosted its position in shares of Casey’s General Stores by 9.0% in the third quarter. Raymond James Trust N.A. now owns 1,348 shares of the company’s stock worth $506,000 after buying an additional 111 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Casey’s General Stores by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock worth $102,694,000 after acquiring an additional 702 shares in the last quarter. Primecap Management Co. CA boosted its holdings in Casey’s General Stores by 17.6% in the 3rd quarter. Primecap Management Co. CA now owns 74,300 shares of the company’s stock worth $27,915,000 after acquiring an additional 11,100 shares during the period. Intech Investment Management LLC raised its stake in shares of Casey’s General Stores by 18.1% during the third quarter. Intech Investment Management LLC now owns 5,129 shares of the company’s stock valued at $1,927,000 after purchasing an additional 786 shares during the period. Finally, Moran Wealth Management LLC lifted its position in shares of Casey’s General Stores by 0.8% during the third quarter. Moran Wealth Management LLC now owns 10,178 shares of the company’s stock worth $3,824,000 after purchasing an additional 82 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 267 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the acquisition, the director now directly owns 2,594 shares of the company’s stock, valued at $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The trade was a 15.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CASY. 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 price target for the company. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Evercore ISI increased their target price on Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price target for the company. 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 report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $408.25.

Casey’s General Stores Trading Down 0.0 %

Shares of NASDAQ:CASY opened at $420.89 on Friday. The company has a 50 day moving average of $395.42 and a 200-day moving average of $375.62. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The firm has a market cap of $15.62 billion, a P/E ratio of 30.63 and a beta of 0.79. Casey’s General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $435.60.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the firm posted $4.52 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 14.22 earnings per share for the current fiscal year.

Casey’s General Stores Company Profile

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.