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Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Position Lessened by Victory Capital Management Inc.

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Victory Capital Management Inc. lowered its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,722 shares of the company’s stock after selling 53 shares during the quarter. Victory Capital Management Inc.’s holdings in Casey’s General Stores were worth $1,266,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Marks Group Wealth Management Inc boosted its stake in Casey’s General Stores by 1.3% during the second quarter. Marks Group Wealth Management Inc now owns 3,902 shares of the company’s stock valued at $759,000 after buying an additional 51 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Casey’s General Stores by 4.9% during the second quarter. Neuberger Berman Group LLC now owns 1,207 shares of the company’s stock valued at $235,000 after purchasing an additional 56 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Casey’s General Stores by 9.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 759 shares of the company’s stock valued at $148,000 after purchasing an additional 63 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of Casey’s General Stores by 5.0% during the second quarter. Cresset Asset Management LLC now owns 1,373 shares of the company’s stock valued at $268,000 after purchasing an additional 66 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Casey’s General Stores by 45.6% during the third quarter. Fifth Third Bancorp now owns 217 shares of the company’s stock valued at $41,000 after purchasing an additional 68 shares during the last quarter. 82.85% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on CASY shares. Berenberg Bank reissued a “buy” rating and issued a $243.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, December 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on Casey’s General Stores from $264.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, December 9th. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $225.36 to $247.00 in a research note on Tuesday, September 14th. Royal Bank of Canada reduced their price objective on Casey’s General Stores from $246.00 to $237.00 and set a “sector perform” rating for the company in a research note on Wednesday, December 8th. Finally, Zacks Investment Research downgraded Casey’s General Stores from a “buy” rating to a “hold” rating and set a $206.00 price objective for the company. in a research note on Wednesday, December 1st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $231.00.

Shares of NASDAQ CASY opened at $196.58 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.55 and a current ratio of 0.99. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 24.76 and a beta of 0.84. The business’s 50-day simple moving average is $195.58 and its 200-day simple moving average is $194.91. Casey’s General Stores, Inc. has a 52 week low of $180.50 and a 52 week high of $229.18.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, December 7th. The company reported $2.59 EPS for the quarter, missing the Zacks’ consensus estimate of $2.93 by ($0.34). The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. Casey’s General Stores had a net margin of 2.74% and a return on equity of 14.85%. The business’s revenue was up 47.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.00 EPS. As a group, equities research analysts forecast that Casey’s General Stores, Inc. will post 8.47 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 15th. Stockholders of record on Tuesday, February 1st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Monday, January 31st. Casey’s General Stores’s dividend payout ratio is 17.63%.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

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