NewSquare Capital LLC Acquires 800 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

NewSquare Capital LLC raised its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,141 shares of the company's stock after acquiring an additional 800 shares during the quarter. NewSquare Capital LLC's holdings in Casey's General Stores were worth $5,207,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in shares of Casey's General Stores by 24.0% in the third quarter. Janney Montgomery Scott LLC now owns 7,210 shares of the company's stock worth $2,709,000 after buying an additional 1,395 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Casey's General Stores by 95.3% in the third quarter. Harbor Capital Advisors Inc. now owns 4,780 shares of the company's stock worth $1,796,000 after buying an additional 2,333 shares during the period. Van ECK Associates Corp raised its stake in shares of 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 worth $8,289,000 after buying an additional 6,066 shares during the period. QRG Capital Management Inc. bought a new position in shares of Casey's General Stores in the third quarter worth about $209,000. Finally, Pittenger & Anderson Inc. raised its stake in shares of Casey's General Stores by 5.7% in the third quarter. Pittenger & Anderson Inc. now owns 1,485 shares of the company's stock worth $558,000 after buying an additional 80 shares during the period. Institutional investors own 85.63% of the company's stock.

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Analyst Ratings Changes

CASY has been the topic of several recent research reports. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. 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 raised their price objective on Casey's General Stores from $460.00 to $470.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Royal Bank of Canada lifted their target price on Casey's General Stores from $403.00 to $428.00 and gave the company a "sector perform" rating in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday. One 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $424.00.

Casey's General Stores Price Performance

NASDAQ CASY traded up $3.43 during trading on Friday, hitting $398.73. 348,526 shares of the stock traded hands, compared to its average volume of 265,713. The company has a market capitalization of $14.80 billion, a P/E ratio of 27.79, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The firm has a 50-day simple moving average of $410.44 and a 200-day simple moving average of $399.03. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 12-month low of $290.00 and a 12-month high of $445.17.

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

Insider Buying and Selling at Casey's General Stores

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