Y Intercept Hong Kong Ltd Invests $1.25 Million in Casey's General Stores, Inc. (NASDAQ:CASY)

Y Intercept Hong Kong Ltd purchased a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,315 shares of the company's stock, valued at approximately $1,245,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CASY. Innealta Capital LLC purchased a new stake in shares of Casey's General Stores in the second quarter valued at approximately $32,000. Venturi Wealth Management LLC grew its stake in Casey's General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after acquiring an additional 113 shares during the period. V Square Quantitative Management LLC increased its holdings in Casey's General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Casey's General Stores in the 2nd quarter worth $68,000. Finally, Quarry LP acquired a new position in Casey's General Stores during the second quarter worth $72,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Trading Down 0.5 %

Shares of NASDAQ CASY traded down $2.11 during trading on Thursday, hitting $425.70. 192,142 shares of the company were exchanged, compared to its average volume of 266,677. The company has a fifty day moving average price of $402.76 and a 200-day moving average price of $380.52. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The firm has a market capitalization of $15.80 billion, a PE ratio of 31.14 and a beta of 0.80. Casey's General Stores, Inc. has a 12-month low of $266.58 and a 12-month high of $439.68.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping analysts' consensus estimates of $4.29 by $0.56. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the previous year, the firm earned $4.24 earnings per share. Casey's General Stores's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Casey's General Stores, Inc. will post 14.22 EPS for the current year.

Casey's General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey's General Stores's dividend payout ratio is presently 14.56%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and boosted their target price for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Royal Bank of Canada boosted their price objective on Casey's General Stores from $403.00 to $428.00 and gave the stock a "sector perform" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Gordon Haskett started coverage on Casey's General Stores in a research report on Monday, November 4th. They set a "hold" rating and a $400.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $410.33.

Insider Buying and Selling

In related news, Director Mike Spanos purchased 267 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. The trade was a 11.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.56% of the stock is currently owned by company insiders.

About Casey's General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.