Oak Thistle LLC Grows Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Oak Thistle LLC increased its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 136.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,608 shares of the company's stock after purchasing an additional 1,506 shares during the quarter. Oak Thistle LLC's holdings in Casey's General Stores were worth $1,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Casey's General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company's stock worth $393,305,000 after buying an additional 38,226 shares during the period. JPMorgan Chase & Co. lifted its stake in Casey's General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after acquiring an additional 119,350 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Casey's General Stores by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company's stock valued at $246,335,000 after acquiring an additional 8,428 shares during the period. Franklin Resources Inc. grew its position in Casey's General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after acquiring an additional 174,586 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Casey's General Stores by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company's stock worth $178,822,000 after purchasing an additional 14,750 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Evercore ISI upped their target price 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. BMO Capital Markets reiterated a "market perform" rating and issued a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. JPMorgan Chase & Co. downgraded Casey's General Stores from a "neutral" rating to an "underweight" rating and upped their price target for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. Melius Research assumed coverage on Casey's General Stores in a research note on Monday, September 23rd. They issued a "buy" rating and a $435.00 price objective for the company. Finally, Royal Bank of Canada upped their target price on shares of Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $424.00.

Insider Activity

In other Casey's General Stores news, insider Katrina S. Lindsey sold 450 shares of Casey's General Stores stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 500 shares of Casey's General Stores stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares of the company's stock, valued at approximately $1,228,765.72. The trade was a 19.25 % 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 Stock Down 0.0 %

CASY stock traded down $0.13 during midday trading on Thursday, reaching $391.17. 187,323 shares of the company were exchanged, compared to its average volume of 224,533. The company has a market cap of $14.52 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 2.20 and a beta of 0.82. 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 1-year low of $268.07 and a 1-year high of $439.68. The stock's 50-day simple moving average is $409.37 and its 200 day simple moving average is $388.80.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the business earned $4.24 EPS. Casey's General Stores's revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Monday, February 3rd. Casey's General Stores's dividend payout ratio (DPR) is currently 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.