Casey's General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,426 shares of the company's stock after acquiring an additional 1,153 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Casey's General Stores were worth $3,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Soros Capital Management LLC boosted its holdings in shares of Casey's General Stores by 1,825.6% during the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company's stock worth $10,382,000 after purchasing an additional 26,197 shares during the last quarter. Sanctuary Advisors LLC grew its position in Casey's General Stores by 55.6% during the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock valued at $3,629,000 after acquiring an additional 3,065 shares during the period. PNC Financial Services Group Inc. increased its stake in Casey's General Stores by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock worth $5,532,000 after acquiring an additional 1,332 shares during the last quarter. JLB & Associates Inc. raised its holdings in shares of Casey's General Stores by 1.8% in the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after purchasing an additional 749 shares during the period. Finally, South Dakota Investment Council lifted its stake in shares of Casey's General Stores by 28.0% in the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company's stock valued at $3,988,000 after purchasing an additional 2,200 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

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Casey's General Stores Stock Up 4.0 %

Shares of Casey's General Stores stock traded up $15.50 on Wednesday, hitting $402.39. 264,569 shares of the company's stock traded hands, compared to its average volume of 267,240. 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 firm's 50-day moving average is $409.53 and its 200 day moving average is $400.54. The stock has a market cap of $14.94 billion, a P/E ratio of 28.04, a PEG ratio of 2.40 and a beta of 0.87. Casey's General Stores, Inc. has a 52-week low of $306.42 and a 52-week high of $445.17.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. The business had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.33 earnings per share. 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 company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. Casey's General Stores's payout ratio is 13.94%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BMO Capital Markets restated a "market perform" rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey's General Stores in a report on Wednesday, December 18th. Evercore ISI cut their target price on shares of 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. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $423.09.

Insider Buying and Selling

In other news, Director Mike Spanos bought 500 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.56% of the stock is owned by company insiders.

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.