Zacks Investment Management Has $18.93 Million Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Zacks Investment Management boosted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,779 shares of the company's stock after buying an additional 4,273 shares during the period. Zacks Investment Management owned approximately 0.13% of Casey's General Stores worth $18,931,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. HighPoint Advisor Group LLC increased its stake in shares of Casey's General Stores by 1.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock worth $628,000 after purchasing an additional 25 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after buying an additional 29 shares in the last quarter. Harbour Investments Inc. increased its position in Casey's General Stores by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after buying an additional 30 shares during the period. Laidlaw Wealth Management LLC lifted its holdings in shares of Casey's General Stores by 3.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock worth $421,000 after buying an additional 32 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Casey's General Stores by 2.1% during the fourth quarter. M&T Bank Corp now owns 1,802 shares of the company's stock worth $714,000 after buying an additional 37 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mike Spanos purchased 256 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price 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 in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

NASDAQ:CASY traded up $2.74 on Friday, hitting $460.07. The company had a trading volume of 365,373 shares, compared to its average volume of 284,004. Casey's General Stores, Inc. has a 52 week low of $309.51 and a 52 week high of $468.88. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.40 and a beta of 0.74. The firm has a 50 day moving average of $421.46 and a two-hundred day moving average of $410.75.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey's General Stores's revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.33 EPS. On average, research 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's payout ratio is currently 13.94%.

Wall Street Analysts Forecast Growth

CASY has been the topic of a number of recent research reports. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. KeyCorp began coverage on Casey's General Stores in a research note on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective on the stock. Finally, Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Casey's General Stores currently has an average rating of "Moderate Buy" and an average target price of $430.33.

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.