Casey’s General Stores, Inc. (NASDAQ:CASY) Position Boosted by Security National Bank of SO Dak

Security National Bank of SO Dak lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,088 shares of the company’s stock after purchasing an additional 45 shares during the quarter. Security National Bank of SO Dak’s holdings in Casey’s General Stores were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in CASY. HighPoint Advisor Group LLC raised its holdings in Casey’s General Stores by 1.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock valued at $628,000 after acquiring an additional 25 shares in the last quarter. Dark Forest Capital Management LP grew its holdings in shares of Casey’s General Stores by 3.2% during the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company’s stock worth $357,000 after purchasing an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Casey’s General Stores by 24.2% during 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 period. Harbour Investments Inc. raised its stake in shares of Casey’s General Stores by 3.1% in the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company’s stock valued at $397,000 after purchasing an additional 30 shares in the last quarter. Finally, Laidlaw Wealth Management LLC raised its stake in shares of Casey’s General Stores by 3.1% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock valued at $421,000 after purchasing an additional 32 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on CASY. Stephens raised shares of Casey’s General Stores to a “strong-buy” rating in a report on Monday, April 7th. Evercore ISI upped their target price on shares of Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. KeyCorp started coverage on Casey’s General Stores in a research note on Friday, April 11th. They issued an “overweight” rating and a $500.00 price objective on the stock. Finally, Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.33.

Casey’s General Stores Stock Up 2.7%

Shares of CASY opened at $442.43 on Friday. The company has a market capitalization of $16.42 billion, a P/E ratio of 30.83, a PEG ratio of 2.40 and a beta of 0.70. Casey’s General Stores, Inc. has a one year low of $313.89 and a one year high of $474.97. The business’s 50 day simple moving average is $435.54 and its 200-day simple moving average is $419.30. 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 (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.33 earnings per share. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.45%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Insiders Place Their Bets

In other news, insider Katrina S. Lindsey sold 250 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mike Spanos purchased 256 shares of the firm’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 completion of the purchase, the director now directly owns 3,356 shares of the company’s stock, valued at $1,310,652.24. The trade was a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

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.