Casey’s General Stores, Inc. (NASDAQ:CASY) Stake Boosted by LexAurum Advisors LLC

LexAurum Advisors LLC increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,400 shares of the company’s stock after acquiring an additional 108 shares during the period. LexAurum Advisors LLC’s holdings in Casey’s General Stores were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CASY. International Assets Investment Management LLC acquired a new position in Casey’s General Stores in the 3rd quarter worth about $959,880,000. Millennium Management LLC grew its stake in shares of Casey’s General Stores by 3,846.1% in the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock valued at $65,750,000 after buying an additional 176,920 shares in the last quarter. Franklin Resources Inc. increased its holdings in Casey’s General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after buying an additional 174,586 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Casey’s General Stores by 1,819.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock valued at $48,959,000 after purchasing an additional 123,502 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Casey’s General Stores by 281.4% during the third quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock valued at $61,863,000 after buying an additional 121,488 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analysts Set New Price Targets

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

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $407.79 on Friday. The stock has a market capitalization of $15.14 billion, a P/E ratio of 28.42, a price-to-earnings-growth 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. The firm has a 50 day moving average of $407.69 and a 200-day moving average of $389.74.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 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 was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.24 earnings per share. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Insider Transactions at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos bought 500 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the purchase, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

About Casey’s General Stores

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.