Townsquare Capital LLC Sells 627 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Townsquare Capital LLC trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 3.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,133 shares of the company’s stock after selling 627 shares during the quarter. Townsquare Capital LLC’s holdings in Casey’s General Stores were worth $6,437,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Casey’s General Stores during the third quarter worth $959,880,000. Millennium Management LLC raised its stake in shares of Casey’s General Stores by 3,846.1% in the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock valued at $65,750,000 after purchasing an additional 176,920 shares during the period. Bridges Investment Management Inc. raised its stake in shares of Casey’s General Stores by 110.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock valued at $67,609,000 after purchasing an additional 92,813 shares during the period. American Century Companies Inc. lifted its holdings in shares of Casey’s General Stores by 189.1% in the second quarter. American Century Companies Inc. now owns 132,375 shares of the company’s stock valued at $50,509,000 after purchasing an additional 86,582 shares in the last quarter. Finally, EULAV Asset Management boosted its position in shares of Casey’s General Stores by 196.3% during the third quarter. EULAV Asset Management now owns 128,000 shares of the company’s stock worth $48,091,000 after buying an additional 84,800 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the transaction, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 24.91 % 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 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This represents a 15.46 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CASY has been the topic of several research reports. Wells Fargo & Company boosted their target price on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Gordon Haskett started coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their target price for the company from $300.00 to $337.00 in a research report on Thursday, September 19th. Melius Research assumed coverage on shares of Casey’s General Stores in a research report on Monday, September 23rd. They set a “buy” rating and a $435.00 price target on the stock. Finally, Benchmark restated a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $408.25.

Read Our Latest Report on Casey’s General Stores

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $420.98 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $435.60. The stock’s 50 day moving average price is $393.24 and its two-hundred day moving average price is $374.74. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 30.64 and a beta of 0.79.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the firm posted $4.52 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, analysts anticipate that Casey’s General Stores, Inc. will post 14.22 earnings per share for the current year.

Casey’s General Stores Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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