Teacher Retirement System of Texas Sells 3,000 Shares of Casey’s General Stores, Inc. $CASY

Teacher Retirement System of Texas decreased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 123,183 shares of the company’s stock after selling 3,000 shares during the quarter. Teacher Retirement System of Texas’ holdings in Casey’s General Stores were worth $68,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. boosted its stake in Casey’s General Stores by 129.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after purchasing an additional 502,104 shares during the period. Victory Capital Management Inc. boosted its stake in Casey’s General Stores by 35.4% during the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock valued at $447,403,000 after purchasing an additional 206,777 shares during the period. Franklin Resources Inc. boosted its stake in Casey’s General Stores by 7.0% during the 3rd quarter. Franklin Resources Inc. now owns 758,212 shares of the company’s stock valued at $428,632,000 after purchasing an additional 49,319 shares during the period. Invesco Ltd. boosted its stake in Casey’s General Stores by 5.0% during the 3rd quarter. Invesco Ltd. now owns 507,998 shares of the company’s stock valued at $287,182,000 after purchasing an additional 24,091 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Casey’s General Stores by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 447,265 shares of the company’s stock valued at $252,832,000 after purchasing an additional 8,781 shares during the period. Institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the acquisition, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the sale, the insider directly owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. Evercore reiterated an “outperform” rating and issued a $780.00 price objective on shares of Casey’s General Stores in a research report on Tuesday. Bank of America began coverage on Casey’s General Stores in a research report on Friday, January 9th. They issued a “buy” rating for the company. The Goldman Sachs Group raised their price objective on Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research report on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $722.36.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $782.91 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The company has a market capitalization of $28.94 billion, a PE ratio of 44.94, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. Casey’s General Stores, Inc. has a one year low of $430.00 and a one year high of $787.36. The business has a 50 day simple moving average of $702.14 and a 200 day simple moving average of $617.32.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.94 by $0.55. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.Casey’s General Stores’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $2.33 EPS. On average, sell-side analysts forecast that Casey’s General Stores, Inc. will post 18.1 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 13.09%.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.