Virtu Financial LLC Has $1.93 Million Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Virtu Financial LLC grew its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 381.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,862 shares of the company's stock after acquiring an additional 3,852 shares during the quarter. Virtu Financial LLC's holdings in Casey's General Stores were worth $1,926,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CASY. FMR LLC grew its stake in shares of Casey's General Stores by 3.8% during the third quarter. FMR LLC now owns 1,046,830 shares of the company's stock valued at $393,305,000 after acquiring an additional 38,226 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Casey's General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock valued at $285,090,000 after acquiring an additional 119,350 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Casey's General Stores by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company's stock worth $246,335,000 after buying an additional 8,428 shares during the last quarter. Raymond James Financial Inc. bought a new position in Casey's General Stores in the fourth quarter worth about $236,500,000. Finally, Franklin Resources Inc. lifted its holdings in shares of 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. Hedge funds and other institutional investors own 85.63% of the company's stock.

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Insiders Place Their Bets

In other news, Director Mike Spanos acquired 256 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares in the company, 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 can be accessed through this hyperlink. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Up 1.1 %

NASDAQ:CASY traded up $4.69 during trading hours on Thursday, hitting $430.69. 396,677 shares of the stock traded hands, compared to its average volume of 269,906. The firm has a 50 day moving average price of $411.74 and a 200 day moving average price of $402.14. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.40 and a beta of 0.87. Casey's General Stores, Inc. has a fifty-two week low of $306.45 and a fifty-two week high of $445.17. 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 announced its quarterly earnings data 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 firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the business earned $2.33 EPS. The business's revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

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 paid 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 0.46%. Casey's General Stores's dividend payout ratio is presently 13.94%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CASY shares. Royal Bank of Canada set a $438.00 target price on shares of Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. BMO Capital Markets reiterated 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 research note on Wednesday, December 18th. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, Evercore ISI decreased their target price on Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. One research 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $423.09.

Casey's General Stores Company 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.