Sequoia Financial Advisors LLC Increases Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Sequoia Financial Advisors LLC increased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,951 shares of the company’s stock after buying an additional 252 shares during the period. Sequoia Financial Advisors LLC’s holdings in Casey’s General Stores were worth $1,169,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CASY. YANKCOM Partnership acquired a new stake in shares of Casey’s General Stores during the 4th quarter valued at approximately $34,000. Endeavor Private Wealth Inc. acquired a new position in Casey’s General Stores during the fourth quarter worth $36,000. Venturi Wealth Management LLC boosted its position in Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after purchasing an additional 113 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Casey’s General Stores by 24.2% in the fourth 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. Finally, Heck Capital Advisors LLC purchased a new position in shares of Casey’s General Stores in the fourth quarter valued at $79,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CASY. Evercore ISI decreased their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. BMO Capital Markets reaffirmed 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. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the company a “sector perform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $423.09.

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos acquired 256 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by insiders.

Casey’s General Stores Trading Up 2.8 %

NASDAQ CASY opened at $395.63 on Friday. The company has a 50-day moving average of $409.52 and a 200-day moving average of $399.85. 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 $303.95 and a 12 month high of $445.17. The company has a market cap of $14.69 billion, a P/E ratio of 27.57, a P/E/G ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) 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 firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 earnings per share. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

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.