GWN Securities Inc. Purchases New Shares in Casey's General Stores, Inc. (NASDAQ:CASY)

GWN Securities Inc. bought a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,135 shares of the company's stock, valued at approximately $878,000.

A number of other hedge funds have also added to or reduced their stakes in CASY. Soros Capital Management LLC lifted its stake in shares of Casey's General Stores by 1,825.6% in the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock worth $10,382,000 after purchasing an additional 26,197 shares during the period. Sanctuary Advisors LLC raised its position in Casey's General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock worth $3,629,000 after acquiring an additional 3,065 shares during the period. PNC Financial Services Group Inc. raised its position in Casey's General Stores by 9.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock worth $5,532,000 after acquiring an additional 1,332 shares during the period. JLB & Associates Inc. boosted its stake in shares of Casey's General Stores by 1.8% during the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after acquiring an additional 749 shares during the last quarter. Finally, South Dakota Investment Council grew its position in shares of Casey's General Stores by 28.0% during the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company's stock valued at $3,988,000 after acquiring an additional 2,200 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Evercore ISI cut their price objective on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. 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. Finally, 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 report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $423.09.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos bought 256 shares of Casey's General Stores stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

Shares of NASDAQ:CASY traded down $7.39 during midday trading on Thursday, reaching $394.84. 269,497 shares of the company were exchanged, compared to its average volume of 267,677. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a market cap of $14.66 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The business's fifty day moving average is $409.76 and its two-hundred day moving average is $400.55. Casey's General Stores, Inc. has a one year low of $306.45 and a one year high of $445.17.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released 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. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The business's revenue was up 17.2% on a year-over-year basis. As a group, analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's payout ratio is 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.