HB Wealth Management LLC Takes $251,000 Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

HB Wealth Management LLC purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 633 shares of the company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors have also modified their holdings of CASY. Venturi Wealth Management LLC increased its position 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 worth $47,000 after purchasing an additional 113 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of 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 valued at $59,000 after buying an additional 29 shares in the last quarter. Quarry LP acquired a new position in Casey’s General Stores in the second quarter worth approximately $72,000. Kennebec Savings Bank bought a new position in Casey’s General Stores during the third quarter valued at approximately $76,000. Finally, Peterson Financial Group Inc. acquired a new stake in Casey’s General Stores in the third quarter valued at approximately $118,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Up 0.8 %

CASY opened at $411.25 on Friday. The business has a 50 day moving average of $407.89 and a 200-day moving average of $390.04. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 2.29 and a beta of 0.82. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 1-year low of $268.07 and a 1-year high of $439.68.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the firm earned $4.24 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be issued a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.49%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Analyst Ratings Changes

Several brokerages have recently commented on CASY. BMO Capital Markets restated a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. Gordon Haskett started coverage on Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price objective on the stock. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

View Our Latest Stock Analysis on CASY

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos purchased 500 shares of the business’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 completion of the purchase, the director now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction that occurred 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 sale, the insider now directly owns 2,247 shares in the company, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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