EntryPoint Capital LLC Invests $288,000 in Casey's General Stores, Inc. (NASDAQ:CASY)

EntryPoint Capital LLC bought a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 726 shares of the company's stock, valued at approximately $288,000.

Several other hedge funds have also recently modified their holdings of the business. YANKCOM Partnership bought a new stake in Casey's General Stores in the 4th quarter worth about $34,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Casey's General Stores during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Casey's General Stores during the fourth quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC lifted its position in Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 85.63% of the company's stock.

Analysts Set New Price Targets

CASY has been the subject of a number of research reports. Evercore ISI boosted their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday. BMO Capital Markets reiterated a "market perform" rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Finally, Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $424.00.

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Insider Transactions at Casey's General Stores

In related news, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Stock Performance

NASDAQ CASY traded up $6.59 on Tuesday, reaching $440.63. 328,540 shares of the stock were exchanged, compared to its average volume of 275,879. 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, Inc. has a one year low of $306.45 and a one year high of $445.17. The firm has a market capitalization of $16.36 billion, a PE ratio of 30.71, a PEG ratio of 2.40 and a beta of 0.87. The company's 50-day simple moving average is $414.96 and its two-hundred day simple moving average is $403.98.

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, beating the consensus estimate 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 net margin of 3.57% and a return on equity of 17.17%. The company's revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $2.33 EPS. Analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given 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 0.45%. Casey's General Stores's payout ratio is 13.94%.

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.