Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lowered its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,863 shares of the company’s stock after selling 15,650 shares during the period. Martingale Asset Management L P owned approximately 0.20% of Casey’s General Stores worth $28,502,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Park Place Capital Corp purchased a new stake in Casey’s General Stores in the second quarter valued at approximately $31,000. Advisors Asset Management Inc. purchased a new stake in Casey’s General Stores in the first quarter valued at approximately $32,000. Innealta Capital LLC purchased a new stake in Casey’s General Stores in the second quarter valued at approximately $32,000. Bank & Trust Co purchased a new stake in Casey’s General Stores in the second quarter valued at approximately $40,000. Finally, Venturi Wealth Management LLC boosted its position in Casey’s General Stores by 941.7% in 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. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of several recent research reports. JPMorgan Chase & Co. lowered 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 report on Thursday, September 19th. Benchmark restated a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Melius Research initiated coverage on Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective on the stock. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, Wells Fargo & Company upped their price objective on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research 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. Based on data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Stock Down 1.3 %

NASDAQ CASY opened at $420.98 on Friday. The business has a fifty day moving average price of $393.24 and a 200 day moving average price of $374.74. Casey’s General Stores, Inc. has a one year low of $266.56 and a one year high of $435.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The company has a market cap of $15.63 billion, a P/E ratio of 30.64 and a beta of 0.79.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 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 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 company earned $4.52 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Casey’s General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This trade represents a 15.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This trade represents a 24.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

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.