Thrivent Financial for Lutherans Purchases 38,684 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Thrivent Financial for Lutherans boosted its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 15.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 290,420 shares of the company's stock after purchasing an additional 38,684 shares during the period. Thrivent Financial for Lutherans owned about 0.78% of Casey's General Stores worth $115,089,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CASY. Private Trust Co. NA grew its position in shares of Casey's General Stores by 1.3% during the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company's stock worth $778,000 after buying an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after buying an additional 29 shares during the period. Harbour Investments Inc. grew its position in shares of Casey's General Stores by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after buying an additional 30 shares during the period. Laidlaw Wealth Management LLC grew its position in shares of Casey's General Stores by 3.1% during the 4th 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, CIBC Asset Management Inc grew its position in shares of Casey's General Stores by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 1,078 shares of the company's stock worth $405,000 after buying an additional 34 shares during the period. 85.63% of the stock is owned by institutional investors.

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Casey's General Stores Stock Up 2.3 %

Shares of CASY stock traded up $9.16 during trading on Friday, reaching $404.00. The company's stock had a trading volume of 493,273 shares, compared to its average volume of 268,418. The business has a fifty day moving average price of $410.20 and a 200-day moving average price of $400.80. 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 company has a market cap of $15.00 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. Casey's General Stores, Inc. has a one year low of $306.45 and a one year high of $445.17.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. Analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio is presently 13.94%.

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos purchased 256 shares of the company's stock in a transaction on Thursday, March 13th. The shares were 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 owns 3,356 shares of the company's stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CASY shares. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Royal Bank of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. BMO Capital Markets restated a "market perform" rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Finally, Evercore ISI decreased their price objective on shares of Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Casey's General Stores has an average rating of "Moderate Buy" and a consensus price target of $423.09.

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.