Nebula Research & Development LLC Cuts Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Nebula Research & Development LLC trimmed its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 64.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,098 shares of the company's stock after selling 5,607 shares during the period. Nebula Research & Development LLC's holdings in Casey's General Stores were worth $1,228,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Casey's General Stores by 110.5% during the third quarter. Barclays PLC now owns 22,487 shares of the company's stock worth $8,450,000 after buying an additional 11,802 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Casey's General Stores by 74.4% in the third quarter. Synovus Financial Corp now owns 16,595 shares of the company's stock worth $6,235,000 after acquiring an additional 7,078 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Casey's General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company's stock valued at $204,861,000 after purchasing an additional 174,586 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Casey's General Stores during the third quarter valued at approximately $899,000. Finally, Logan Capital Management Inc. purchased a new stake in shares of Casey's General Stores in the third quarter valued at $2,049,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey's General Stores Stock Performance

Shares of CASY opened at $447.34 on Friday. The firm has a market cap of $16.60 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.40 and a beta of 0.74. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The business's 50 day moving average is $423.31 and its two-hundred day moving average is $413.38. Casey's General Stores, Inc. has a 52-week low of $313.67 and a 52-week high of $468.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (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 analysts' expectations of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 earnings per share. Analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CASY. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. 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. Evercore ISI raised 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, April 1st. KeyCorp assumed coverage on shares of Casey's General Stores in a research report on Friday, April 11th. They set an "overweight" rating and a $500.00 price target for the company. Finally, Stephens raised Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos purchased 256 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

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.

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