Watchman Group Inc. Has $4.57 Million Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Watchman Group Inc. decreased its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,521 shares of the company's stock after selling 764 shares during the quarter. Casey's General Stores makes up about 1.2% of Watchman Group Inc.'s investment portfolio, making the stock its 24th biggest holding. Watchman Group Inc.'s holdings in Casey's General Stores were worth $4,565,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in Casey's General Stores during the fourth quarter worth $34,000. Endeavor Private Wealth Inc. bought a new stake in shares of Casey's General Stores in the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Casey's General Stores during the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC increased its position in Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after buying an additional 52 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CASY. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. BMO Capital Markets reissued a "market perform" rating and issued a $450.00 price objective (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, Evercore ISI lifted their price target on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and a consensus price target of $424.00.

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Casey's General Stores Price Performance

NASDAQ:CASY traded up $10.83 during mid-day trading on Thursday, reaching $454.71. The stock had a trading volume of 261,182 shares, compared to its average volume of 275,720. The stock has a 50-day simple moving average of $415.81 and a two-hundred day simple moving average of $404.26. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey's General Stores, Inc. has a 12 month low of $306.45 and a 12 month high of $460.16. The stock has a market capitalization of $16.88 billion, a PE ratio of 31.69, a P/E/G ratio of 2.40 and a beta of 0.87.

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 (EPS) for the quarter, beating 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 company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the company posted $2.33 EPS. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.44%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

Insider Activity

In related news, Director Mike Spanos bought 256 shares of the business's stock in a transaction on 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 completion of the transaction, the director now directly owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is currently owned by corporate insiders.

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.