Casey's General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,602 shares of the company's stock after acquiring an additional 999 shares during the quarter. Commonwealth Equity Services LLC's holdings in Casey's General Stores were worth $5,389,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. YANKCOM Partnership acquired a new position in shares of Casey's General Stores during the fourth quarter worth $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores in the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Casey's General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after purchasing an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new stake in Casey's General Stores in the fourth quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC raised its position in Casey's General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after buying an additional 52 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the subject of several recent research reports. 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 objective on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Evercore ISI lowered their target price on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. BMO Capital Markets reiterated a "market perform" rating and set a $450.00 price target (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Finally, StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $423.09.

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Insider Buying and Selling

In other Casey's General Stores news, Director Mike Spanos bought 256 shares of the business's stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.56% of the stock is owned by company insiders.

Casey's General Stores Price Performance

CASY stock traded up $8.58 during midday trading on Wednesday, reaching $426.00. The stock had a trading volume of 698,168 shares, compared to its average volume of 269,665. 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 $15.81 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The company's fifty day simple moving average is $411.05 and its 200 day simple moving average is $401.98. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 earnings per share. As a group, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio 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.