Harbour Investments Inc. Buys 87 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Harbour Investments Inc. increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 972 shares of the company’s stock after buying an additional 87 shares during the quarter. Harbour Investments Inc.’s holdings in Casey’s General Stores were worth $365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp bought a new stake in shares of Casey’s General Stores during the second quarter valued at approximately $31,000. Advisors Asset Management Inc. bought a new stake in Casey’s General Stores in the 1st quarter valued at $32,000. Innealta Capital LLC acquired a new position in shares of Casey’s General Stores in the 2nd quarter valued at $32,000. Bank & Trust Co bought a new position in shares of Casey’s General Stores during the 2nd quarter worth about $40,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 113 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insider Transactions at Casey’s General Stores

In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. The trade was a 24.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were 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 approximately $27,655,284.52. This trade represents a 15.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Price Performance

CASY opened at $401.40 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The stock has a market capitalization of $14.90 billion, a P/E ratio of 29.21 and a beta of 0.79. The company’s 50 day simple moving average is $386.44 and its 200-day simple moving average is $369.51. Casey’s General Stores, Inc. has a one year low of $266.56 and a one year high of $420.27.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Wednesday, September 4th. The company reported $4.83 EPS 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 return on equity of 17.07% and a net margin of 3.40%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $4.52 EPS. Sell-side analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CASY. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Evercore ISI boosted their price target on Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Gordon Haskett started coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 target price on the stock. Finally, Royal Bank of Canada increased their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $408.25.

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.