Casey's General Stores, Inc. (NASDAQ:CASY) is Paragon Capital Management LLC's 5th Largest Position

Paragon Capital Management LLC decreased its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,708 shares of the company's stock after selling 1,332 shares during the period. Casey's General Stores comprises approximately 5.7% of Paragon Capital Management LLC's portfolio, making the stock its 5th largest position. Paragon Capital Management LLC owned 0.07% of Casey's General Stores worth $10,583,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CASY. YANKCOM Partnership acquired a new position in Casey's General Stores in the fourth quarter valued at approximately $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its stake 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 acquiring an additional 29 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Casey's General Stores in the fourth quarter valued at $79,000. Finally, V Square Quantitative Management LLC boosted 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 acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Wall Street Analyst Weigh In

CASY has been the subject of several research reports. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. BMO Capital Markets reissued a "market perform" rating and issued a $450.00 price objective (up from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Evercore ISI cut their target price on shares of Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Finally, StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $423.09.

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Casey's General Stores Price Performance

CASY stock traded up $4.92 during trading on Tuesday, reaching $417.42. 345,212 shares of the company were exchanged, compared to its average volume of 268,029. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The stock's 50 day moving average price is $411.05 and its 200 day moving average price is $401.98. Casey's General Stores, Inc. has a 52-week low of $306.45 and a 52-week high of $445.17. The company has a market cap of $15.49 billion, a P/E ratio of 29.09, a PEG ratio of 2.40 and a beta of 0.87.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion for 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%. The company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 EPS. As a group, analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued 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 0.48%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

Insiders Place Their Bets

In other Casey's General Stores news, Director Mike Spanos acquired 256 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now directly 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 acquisition was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by company insiders.

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.