Stevens Capital Management LP Purchases Shares of 776 Casey's General Stores, Inc. (NASDAQ:CASY)

Stevens Capital Management LP purchased a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 776 shares of the company's stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. YANKCOM Partnership bought a new stake in shares of Casey's General Stores during the 4th quarter worth $34,000. Endeavor Private Wealth Inc. bought a new stake in Casey's General Stores in the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB raised its position 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 worth $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new position in Casey's General Stores in the fourth quarter valued at about $79,000. Finally, V Square Quantitative Management LLC increased its stake in shares of Casey's General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In related news, Director Mike Spanos bought 256 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.56% of the company's stock.

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Casey's General Stores Price Performance

NASDAQ CASY traded up $7.04 on Thursday, hitting $433.04. The stock had a trading volume of 132,199 shares, compared to its average volume of 310,262. The firm has a 50-day moving average of $411.74 and a 200-day moving average of $402.14. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 30.18, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. 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, Inc. has a 52-week low of $306.45 and a 52-week high of $445.17.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the company earned $2.33 earnings per share. Equities analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 0.46%. Casey's General Stores's dividend payout ratio is presently 13.94%.

Analyst Ratings Changes

Several research firms recently commented on CASY. Evercore ISI dropped their price objective on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. BMO Capital Markets reissued 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 report on Wednesday, December 18th. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $423.09.

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.