Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP trimmed its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 58.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,693 shares of the company's stock after selling 9,428 shares during the quarter. Bridgewater Associates LP's holdings in Casey's General Stores were worth $2,652,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. YANKCOM Partnership purchased a new position in shares of Casey's General Stores during the fourth quarter valued at approximately $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores during the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Casey's General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Casey's General Stores in the fourth quarter valued at $79,000. Finally, V Square Quantitative Management LLC increased its stake in Casey's General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Stock Down 0.9 %

Shares of CASY stock traded down $3.91 during mid-day trading on Wednesday, reaching $454.98. 298,753 shares of the company were exchanged, compared to its average volume of 284,976. The company has a market capitalization of $16.89 billion, a P/E ratio of 31.71, a P/E/G ratio of 2.40 and a beta of 0.74. The business's 50 day simple moving average is $422.12 and its 200 day simple moving average is $411.95. 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, Inc. has a fifty-two week low of $311.84 and a fifty-two week high of $468.88.

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

Casey's General Stores Announces Dividend

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

Insiders Place Their Bets

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction 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 directly owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos bought 256 shares of the business's stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the purchase, the director now directly 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 disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CASY has been the topic of a number of research analyst reports. 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 target price on shares of Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, KeyCorp started coverage on Casey's General Stores in a report on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $430.33.

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.