Steward Partners Investment Advisory LLC Buys 1,329 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Steward Partners Investment Advisory LLC increased its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 11.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,377 shares of the company's stock after buying an additional 1,329 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Casey's General Stores were worth $5,300,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Meridian Wealth Management LLC bought a new position in Casey's General Stores in the 4th quarter worth approximately $281,000. SBI Securities Co. Ltd. acquired a new stake in shares of Casey's General Stores during the fourth quarter worth $95,000. Jones Financial Companies Lllp boosted its holdings in Casey's General Stores by 76.2% during the fourth quarter. Jones Financial Companies Lllp now owns 4,175 shares of the company's stock worth $1,654,000 after buying an additional 1,805 shares during the last quarter. Bailard Inc. grew its holdings in Casey's General Stores by 2.4% during the fourth quarter. Bailard Inc. now owns 2,900 shares of the company's stock valued at $1,149,000 after purchasing an additional 68 shares during the period. Finally, Williamson Legacy Group LLC bought a new stake in Casey's General Stores in the fourth quarter valued at approximately $318,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Stock Down 4.3 %

Shares of NASDAQ:CASY traded down $17.05 during midday trading on Monday, hitting $381.68. The stock had a trading volume of 511,561 shares, compared to its average volume of 266,901. The company has a market cap of $14.17 billion, a P/E ratio of 26.60, a PEG ratio of 2.40 and a beta of 0.87. Casey's General Stores, Inc. has a 12 month low of $290.00 and a 12 month high of $445.17. The business's 50-day simple moving average is $410.34 and its 200-day simple moving average is $399.46. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

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Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analysts' expectations of $4.03 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey's General Stores's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.24 EPS. On average, sell-side analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Casey's General Stores

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

Analysts Set New Price Targets

A number of research firms have issued reports on CASY. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $450.00 price objective (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Royal Bank of Canada increased their target price on Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a report on Tuesday, December 10th. Finally, Evercore ISI lifted their price target on Casey's General Stores from $460.00 to $470.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $424.00.

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.