Casey's General Stores, Inc. (NASDAQ:CASY) Stake Boosted by Soros Capital Management LLC

Soros Capital Management LLC increased its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 67.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,196 shares of the company's stock after purchasing an additional 18,564 shares during the quarter. Casey's General Stores makes up about 2.9% of Soros Capital Management LLC's portfolio, making the stock its 10th largest holding. Soros Capital Management LLC owned about 0.12% of Casey's General Stores worth $18,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in CASY. HighPoint Advisor Group LLC increased its holdings in Casey's General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock valued at $628,000 after purchasing an additional 25 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 valued at $59,000 after acquiring an additional 29 shares during the last quarter. Harbour Investments Inc. increased its position in Casey's General Stores by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after purchasing an additional 30 shares during the period. Laidlaw Wealth Management LLC increased its position in shares of Casey's General Stores by 3.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock worth $421,000 after buying an additional 32 shares during the period. Finally, M&T Bank Corp lifted its holdings in Casey's General Stores by 2.1% in the fourth quarter. M&T Bank Corp now owns 1,802 shares of the company's stock valued at $714,000 after buying an additional 37 shares during the period. Institutional investors own 85.63% of the company's stock.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos bought 256 shares of the company's 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 acquisition, the director now owns 3,356 shares in the company, 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 can be accessed through this link. Also, insider Katrina S. Lindsey sold 250 shares of the business's 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 directly owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Price Performance

CASY traded up $0.05 during midday trading on Friday, hitting $447.34. The stock had a trading volume of 419,471 shares, compared to its average volume of 286,147. The company has a market cap of $16.60 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 1 year low of $313.67 and a 1 year high of $468.88. The business has a fifty day moving average of $423.31 and a 200 day moving average of $413.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

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, topping the consensus estimate of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period last year, the company earned $2.33 EPS. Casey's General Stores's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CASY shares. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. KeyCorp started coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price objective for the company. Evercore ISI upped their target price on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. One 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 company's stock. According to data from MarketBeat.com, Casey's General Stores has a consensus rating of "Moderate Buy" and an average target price of $430.33.

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.