Hunter Perkins Capital Management LLC Has $25.55 Million Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Hunter Perkins Capital Management LLC reduced its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,480 shares of the company's stock after selling 2,549 shares during the period. Casey's General Stores comprises 5.4% of Hunter Perkins Capital Management LLC's investment portfolio, making the stock its 2nd biggest position. Hunter Perkins Capital Management LLC owned approximately 0.17% of Casey's General Stores worth $25,549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. acquired a new stake in Casey's General Stores during the 4th quarter valued at $36,000. Venturi Wealth Management LLC boosted its stake in shares of Casey's General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after acquiring an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after purchasing an additional 29 shares in the last quarter. V Square Quantitative Management LLC raised its stake in Casey's General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Quarry LP purchased a new position in Casey's General Stores in the 2nd quarter valued at about $72,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mike Spanos bought 500 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the purchase, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This trade represents a 19.25 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 450 shares of the 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 transaction, the insider now directly owns 2,247 shares in the company, valued at $959,761.11. The trade was a 16.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CASY. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a research report on Tuesday, December 10th. BMO Capital Markets reiterated 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. StockNews.com cut Casey's General Stores from a "strong-buy" rating to a "buy" rating in a report on Friday, December 13th. Finally, Evercore ISI increased their price target on shares of Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. One investment 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $424.00.

Casey's General Stores Stock Up 2.1 %

NASDAQ CASY traded up $8.74 during trading hours on Monday, hitting $419.99. The company had a trading volume of 273,760 shares, compared to its average volume of 242,099. The firm's 50 day moving average is $408.20 and its 200 day moving average is $390.75. The company has a market capitalization of $15.59 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 2.29 and a beta of 0.82. Casey's General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period last year, the business posted $4.24 EPS. The company's revenue was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, February 3rd. Casey's General Stores's dividend payout ratio (DPR) 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.