Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,377 shares of the company’s stock after acquiring an additional 1,329 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Casey’s General Stores were worth $5,300,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. YANKCOM Partnership acquired a new position in shares of Casey’s General Stores in the 4th quarter worth approximately $34,000. Endeavor Private Wealth Inc. bought a new stake in shares of Casey’s General Stores in the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 worth $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of Casey’s General Stores in the 3rd quarter worth approximately $76,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Activity

In other news, Director Mike Spanos purchased 500 shares of the stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost 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 $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. BMO Capital Markets reissued 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. Royal Bank of Canada raised their price target on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Evercore ISI raised their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Down 2.4 %

Shares of Casey’s General Stores stock opened at $395.30 on Friday. The business’s fifty day moving average price is $410.64 and its two-hundred day moving average price is $399.06. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a market capitalization of $14.67 billion, a P/E ratio of 27.55, a PEG ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 1-year low of $290.00 and a 1-year high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same period last year, the firm earned $4.24 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

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.