Speece Thorson Capital Group Inc. Sells 5,931 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Speece Thorson Capital Group Inc. decreased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,385 shares of the company's stock after selling 5,931 shares during the period. Speece Thorson Capital Group Inc. owned 0.06% of Casey's General Stores worth $9,266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Casey's General Stores by 110.5% in the third quarter. Barclays PLC now owns 22,487 shares of the company's stock valued at $8,450,000 after purchasing an additional 11,802 shares in the last quarter. Synovus Financial Corp raised its holdings in Casey's General Stores by 74.4% during the third quarter. Synovus Financial Corp now owns 16,595 shares of the company's stock valued at $6,235,000 after buying an additional 7,078 shares in 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 worth $204,861,000 after purchasing an additional 174,586 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Casey's General Stores during the 3rd quarter worth $899,000. Finally, Logan Capital Management Inc. acquired a new stake in shares of Casey's General Stores in the third quarter valued at about $2,049,000. Institutional investors own 85.63% of the company's stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Evercore ISI boosted 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. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. 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. 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 research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $430.33.

Casey's General Stores Stock Down 0.8 %

Shares of CASY stock traded down $3.50 during trading hours on Wednesday, hitting $455.39. 341,482 shares of the company were exchanged, compared to its average volume of 285,097. The company has a market capitalization of $16.90 billion, a PE ratio of 31.73, a PEG ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 52 week low of $312.51 and a 52 week high of $468.88. The business has a 50 day moving average of $422.58 and a two-hundred day moving average of $412.25. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion during 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 business's quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the business earned $2.33 EPS. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.44%. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Insider Buying and Selling at Casey's General Stores

In related news, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

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.