Jones Financial Companies Lllp Raises Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Jones Financial Companies Lllp grew its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 76.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,175 shares of the company's stock after buying an additional 1,805 shares during the quarter. Jones Financial Companies Lllp's holdings in Casey's General Stores were worth $1,654,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in shares of Casey's General Stores by 24.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,210 shares of the company's stock worth $2,709,000 after acquiring an additional 1,395 shares in the last quarter. Van ECK Associates Corp grew its holdings in Casey's General Stores by 40.0% in the third quarter. Van ECK Associates Corp now owns 21,227 shares of the company's stock valued at $8,289,000 after purchasing an additional 6,066 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Casey's General Stores in the third quarter valued at $209,000. Graypoint LLC acquired a new position in shares of Casey's General Stores during the 3rd quarter worth $210,000. Finally, Cozad Asset Management Inc. raised its stake in shares of Casey's General Stores by 37.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 741 shares of the company's stock worth $278,000 after buying an additional 200 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey's General Stores Trading Down 4.3 %

Shares of NASDAQ:CASY traded down $17.05 during midday trading on Monday, reaching $381.68. The company's stock had a trading volume of 511,561 shares, compared to its average volume of 266,901. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The business has a 50 day moving average price of $410.34 and a 200 day moving average price of $399.46. Casey's General Stores, Inc. has a 1 year low of $290.00 and a 1 year high of $445.17. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

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Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $4.03 billion. During the same quarter in the previous year, the business earned $4.24 EPS. The firm's revenue was down 2.9% on a year-over-year basis. Research analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 500 shares of Casey's General Stores stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now directly owns 3,097 shares of the company's stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina S. Lindsey sold 450 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now owns 2,247 shares of the company's stock, valued at $959,761.11. The trade was a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Evercore ISI raised their target price on shares of Casey's General Stores from $460.00 to $470.00 and gave the company an "outperform" rating in a report on Friday, December 13th. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday. BMO Capital Markets reaffirmed a "market perform" rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada raised their price target on Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research report on Tuesday, December 10th. Finally, Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and an average price target of $424.00.

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.