CenterBook Partners LP Purchases Shares of 2,724 Casey's General Stores, Inc. (NASDAQ:CASY)

CenterBook Partners LP acquired a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,724 shares of the company's stock, valued at approximately $1,079,000.

A number of other institutional investors have also made changes to their positions in the stock. Sanctuary Advisors LLC lifted its position in Casey's General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock worth $3,629,000 after purchasing an additional 3,065 shares during the period. Scholtz & Company LLC bought a new stake in shares of Casey's General Stores during the fourth quarter worth $2,375,000. JLB & Associates Inc. raised its stake in shares of Casey's General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after acquiring an additional 749 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in Casey's General Stores by 9.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock valued at $21,131,000 after buying an additional 4,458 shares during the last quarter. Finally, South Dakota Investment Council increased its position in Casey's General Stores by 28.0% in the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company's stock worth $3,988,000 after purchasing an additional 2,200 shares during the period. 85.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CASY has been the topic of several analyst reports. KeyCorp initiated coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 target price on the stock. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. BMO Capital Markets reiterated a "market perform" rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Evercore ISI upped their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $430.33.

Remove Ads

Insiders Place Their Bets

In related news, Director Mike Spanos bought 256 shares of the company's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares of the company's stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Down 1.5 %

Shares of Casey's General Stores stock traded down $7.08 on Wednesday, hitting $457.33. The company had a trading volume of 346,370 shares, compared to its average volume of 284,158. Casey's General Stores, Inc. has a 1 year low of $306.69 and a 1 year high of $468.00. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 2.40 and a beta of 0.74. The stock has a 50 day moving average of $419.64 and a 200-day moving average of $408.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.33 EPS. As a group, sell-side analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

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.