Alliancebernstein L.P. Buys 4,796 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Alliancebernstein L.P. boosted its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,243 shares of the company's stock after buying an additional 4,796 shares during the quarter. Alliancebernstein L.P. owned approximately 0.46% of Casey's General Stores worth $67,455,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its stake in Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after buying an additional 29 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Casey's General Stores by 3.1% in the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after purchasing an additional 30 shares in the last quarter. Laidlaw Wealth Management LLC raised its stake in shares of Casey's General Stores by 3.1% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock worth $421,000 after purchasing an additional 32 shares during the last quarter. M&T Bank Corp raised its position in Casey's General Stores by 2.1% in the 4th quarter. M&T Bank Corp now owns 1,802 shares of the company's stock worth $714,000 after buying an additional 37 shares during the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in Casey's General Stores by 10.6% during the 4th quarter. AdvisorNet Financial Inc now owns 395 shares of the company's stock valued at $157,000 after acquiring an additional 38 shares during the period. Institutional investors own 85.63% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CASY. Evercore ISI raised their price target on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. BMO Capital Markets restated a "market perform" rating and set a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Finally, Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $424.00.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction that occurred on Friday, April 4th. The stock was 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 of the company's stock, valued at $1,067,615.43. The trade was a 9.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mike Spanos acquired 256 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the acquisition, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by corporate insiders.

Casey's General Stores Price Performance

NASDAQ:CASY traded up $15.65 on Tuesday, reaching $433.66. 81,510 shares of the company's stock traded hands, compared to its average volume of 280,674. The firm has a market cap of $16.10 billion, a PE ratio of 30.22, a P/E/G ratio of 2.40 and a beta of 0.74. 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 stock has a 50-day simple moving average of $416.69 and a 200-day simple moving average of $405.62. Casey's General Stores, Inc. has a 12 month low of $306.45 and a 12 month high of $458.92.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $3.74 billion. During the same period in the previous year, the firm earned $2.33 EPS. The firm's revenue was up 17.2% compared to the same quarter last year. Equities research 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. Casey's General Stores's dividend payout ratio is 13.94%.

Casey's General Stores Company 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.