Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Seeds Investor LLC

Seeds Investor LLC lifted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,291 shares of the company’s stock after acquiring an additional 227 shares during the quarter. Seeds Investor LLC’s holdings in Casey’s General Stores were worth $511,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC raised its stake in shares of Casey’s General Stores by 55.6% during the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after buying an additional 3,065 shares during the last quarter. Scholtz & Company LLC acquired a new stake in shares of Casey’s General Stores during the 4th quarter worth approximately $2,375,000. JLB & Associates Inc. boosted its holdings in Casey’s General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after buying an additional 749 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Casey’s General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock worth $21,131,000 after buying an additional 4,458 shares in the last quarter. Finally, South Dakota Investment Council increased its holdings in Casey’s General Stores by 28.0% in the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock valued at $3,988,000 after buying an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CASY shares. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. KeyCorp started coverage on shares of Casey’s General Stores in a research report on Friday. They set an “overweight” rating and a $500.00 price objective for the company. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI upped their price target on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $430.33.

Casey’s General Stores Trading Up 4.4 %

CASY opened at $457.25 on Friday. The stock has a market capitalization of $16.97 billion, a PE ratio of 31.86, a P/E/G ratio of 2.40 and a beta of 0.74. Casey’s General Stores, Inc. has a one year low of $306.60 and a one year high of $459.46. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The business’s 50 day moving average price is $418.43 and its 200 day moving average price is $407.75.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. The business 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 company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.33 EPS. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Insider Transactions at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 250 shares of the firm’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 value of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares of the company’s stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos bought 256 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired 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 owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company 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.