Snowden Capital Advisors LLC Acquires 53 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Snowden Capital Advisors LLC lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,317 shares of the company’s stock after acquiring an additional 53 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Casey’s General Stores were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Security National Bank of SO Dak raised its holdings in shares of Casey’s General Stores by 4.3% during the fourth quarter. Security National Bank of SO Dak now owns 1,088 shares of the company’s stock valued at $431,000 after acquiring an additional 45 shares in the last quarter. Royal Bank of Canada grew its stake in Casey’s General Stores by 9.7% in the fourth quarter. Royal Bank of Canada now owns 83,769 shares of the company’s stock worth $33,192,000 after purchasing an additional 7,397 shares during the period. Rip Road Capital Partners LP grew its stake in Casey’s General Stores by 65.4% in the fourth quarter. Rip Road Capital Partners LP now owns 14,666 shares of the company’s stock worth $5,811,000 after purchasing an additional 5,800 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Casey’s General Stores in the fourth quarter worth $87,000. Finally, ProShare Advisors LLC grew its stake in Casey’s General Stores by 1.3% in the fourth quarter. ProShare Advisors LLC now owns 87,723 shares of the company’s stock worth $34,758,000 after purchasing an additional 1,143 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 0.6%

NASDAQ CASY opened at $458.64 on Wednesday. Casey’s General Stores, Inc. has a 12 month low of $313.89 and a 12 month high of $474.97. The stock has a market cap of $17.02 billion, a P/E ratio of 31.96, a P/E/G ratio of 2.40 and a beta of 0.70. The stock’s fifty day moving average price is $439.64 and its 200-day moving average price is $420.73. 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 (NASDAQ:CASY) last released its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the prior year, the firm posted $2.33 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities analysts forecast 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 disclosed 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 of this dividend was Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.44%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now directly owns 2,443 shares of the company’s stock, valued at $1,067,615.43. This trade represents a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mike Spanos acquired 256 shares of the company’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 transaction, 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.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CASY shares. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. 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 target on the stock. Stephens raised Casey’s General Stores to a “strong-buy” rating in a research note on Monday, April 7th. Evercore ISI upped their price target on Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Finally, Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One equities research 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 company. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $430.33.

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.