Curi RMB Capital LLC Purchases New Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Curi RMB Capital LLC purchased a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,435 shares of the company's stock, valued at approximately $6,116,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in Casey's General Stores during the 4th quarter valued at approximately $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey's General Stores in the 4th quarter worth about $36,000. MassMutual Private Wealth & Trust FSB lifted 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 valued at $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC bought a new stake in Casey's General Stores during the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC grew its holdings 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 worth $83,000 after purchasing an additional 52 shares during the period. 85.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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, for a total transaction of $99,978.24. Following the purchase, the director now directly owns 3,356 shares of the company's stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CASY shares. Evercore ISI lifted their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. Finally, KeyCorp began coverage on shares of Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus target price of $430.33.

Casey's General Stores Price Performance

Shares of Casey's General Stores stock traded down $3.50 during trading hours on Wednesday, reaching $455.39. The company's stock had a trading volume of 341,482 shares, compared to its average volume of 285,097. 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, Inc. has a one year low of $312.51 and a one year high of $468.88. The firm has a 50 day moving average price of $422.12 and a 200-day moving average price of $411.95. The stock has a market cap of $16.90 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 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 up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 earnings per share. On average, analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. Casey's General Stores's payout ratio is 13.94%.

About Casey's General Stores

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.