MGO One Seven LLC Purchases 586 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

MGO One Seven LLC raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 16.3% in the fourth quarter, HoldingsChannel reports. The firm owned 4,172 shares of the company’s stock after buying an additional 586 shares during the quarter. MGO One Seven LLC’s holdings in Casey’s General Stores were worth $1,653,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. YANKCOM Partnership bought a new stake in Casey’s General Stores during the fourth quarter valued at approximately $34,000. Endeavor Private Wealth Inc. bought a new stake in shares of Casey’s General Stores during the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Casey’s General Stores in the 4th quarter worth $79,000. Finally, V Square Quantitative Management LLC raised its holdings in Casey’s General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after purchasing an additional 52 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the subject of several recent research reports. Stephens raised Casey’s General Stores to a “strong-buy” rating in a report on Monday, April 7th. Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. StockNews.com cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Evercore ISI raised their price objective on shares of Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $430.33.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction dated 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos acquired 256 shares of Casey’s General Stores stock in a transaction on 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. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores Stock Down 1.8 %

Shares of CASY stock opened at $447.29 on Friday. The stock has a market cap of $16.60 billion, a P/E ratio of 31.17, a PEG ratio of 2.40 and a beta of 0.74. The company’s fifty day simple moving average is $422.88 and its two-hundred day simple moving average is $412.77. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 52 week low of $313.67 and a 52 week high of $468.88.

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 analysts’ consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion during 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 firm’s revenue was up 17.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.33 earnings per share. Analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

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.