Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by National Bank of Canada FI

National Bank of Canada FI decreased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 91.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,940 shares of the company’s stock after selling 414,344 shares during the quarter. National Bank of Canada FI owned about 0.11% of Casey’s General Stores worth $11,030,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Impax Asset Management Group plc acquired a new stake in shares of Casey’s General Stores during the 4th quarter worth approximately $2,596,000. Comerica Bank acquired a new position in shares of Casey’s General Stores in the 3rd quarter valued at $5,834,000. Quantbot Technologies LP purchased a new position in shares of Casey’s General Stores during the 3rd quarter worth $1,336,000. Lord Abbett & CO. LLC acquired a new stake in shares of Casey’s General Stores during the 3rd quarter worth about $21,993,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Casey’s General Stores by 114.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,297 shares of the company’s stock worth $1,710,000 after purchasing an additional 3,356 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. Evercore ISI lowered their target price on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Benchmark reaffirmed a “buy” rating and issued a $312.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 6th. BMO Capital Markets increased their target price on Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores Trading Down 0.6 %

NASDAQ CASY opened at $327.90 on Thursday. Casey’s General Stores, Inc. has a 52 week low of $212.50 and a 52 week high of $332.95. The firm has a 50 day moving average of $312.20 and a two-hundred day moving average of $290.69. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $12.14 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The company’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.36 earnings per share. As a group, research analysts expect that Casey’s General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s payout ratio is 13.67%.

Casey’s General Stores 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.