Tyche Wealth Partners LLC Invests $751,000 in Casey's General Stores, Inc. (NASDAQ:CASY)

Tyche Wealth Partners LLC acquired a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,896 shares of the company's stock, valued at approximately $751,000.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its position in Casey's General Stores by 3.8% during the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company's stock valued at $393,305,000 after purchasing an additional 38,226 shares during the period. JPMorgan Chase & Co. increased its position in shares of Casey's General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after buying an additional 119,350 shares during the period. Geode Capital Management LLC raised its stake 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 worth $246,335,000 after buying an additional 8,428 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Casey's General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock worth $204,861,000 after buying an additional 174,586 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Casey's General Stores by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company's stock valued at $102,694,000 after acquiring an additional 702 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Buying and Selling

In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was 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 $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos acquired 500 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now owns 3,097 shares of the company's stock, 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 insiders.

Casey's General Stores Stock Performance

NASDAQ:CASY traded down $8.45 during trading hours on Friday, reaching $426.82. The company had a trading volume of 350,658 shares, compared to its average volume of 255,901. The firm's 50 day moving average price is $408.73 and its 200-day moving average price is $393.50. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.48 and a beta of 0.83. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 52 week low of $275.27 and a 52 week high of $439.68.

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

Casey's General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.

Analysts Set New Price Targets

Several research firms recently weighed in on CASY. Evercore ISI lifted their price target on Casey's General Stores from $460.00 to $470.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Royal Bank of Canada upped their target price on shares of Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research report on Tuesday, December 10th. BMO Capital Markets reissued a "market perform" rating and set a $450.00 price target (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. StockNews.com cut shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft raised 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $424.00.

About Casey's General Stores

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.