Proficio Capital Partners LLC Purchases New Shares in Casey's General Stores, Inc. (NASDAQ:CASY)

Proficio Capital Partners LLC acquired a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 114,135 shares of the company's stock, valued at approximately $45,224,000. Proficio Capital Partners LLC owned approximately 0.31% of Casey's General Stores as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CASY. FMR LLC increased its position in shares of Casey's General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company's stock worth $393,305,000 after acquiring an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Casey's General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after purchasing an additional 119,350 shares in the last quarter. Geode Capital Management LLC increased its holdings in Casey's General Stores by 1.3% in the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company's stock valued at $246,335,000 after buying an additional 8,428 shares during the last quarter. Franklin Resources Inc. raised its stake in Casey's General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after buying an additional 174,586 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Casey's General Stores by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 340,231 shares of the company's stock worth $134,810,000 after buying an additional 3,321 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

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Casey's General Stores Stock Performance

Casey's General Stores stock traded up $3.07 on Tuesday, hitting $411.07. The company's stock had a trading volume of 109,559 shares, compared to its average volume of 266,850. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average price of $410.53 and a 200-day moving average price of $398.82. Casey's General Stores, Inc. has a one year low of $290.00 and a one year high of $445.17. The firm has a market cap of $15.26 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period last year, the firm posted $4.24 EPS. The firm's quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. Casey's General Stores's dividend payout ratio is 13.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. BMO Capital Markets reissued a "market perform" rating and set a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price target on Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $424.00.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now directly owns 2,247 shares of the company's stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mike Spanos acquired 500 shares of the firm's stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the transaction, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Casey's General Stores Profile

Casey's General Stores, Inc engages in the provision of 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.