Tributary Capital Management LLC Purchases 1,404 Shares of Casey’s General Stores, Inc. $CASY

Tributary Capital Management LLC raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 38.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,080 shares of the company’s stock after acquiring an additional 1,404 shares during the period. Tributary Capital Management LLC’s holdings in Casey’s General Stores were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Steph & Co. raised its stake in Casey’s General Stores by 2.2% during the third quarter. Steph & Co. now owns 819 shares of the company’s stock valued at $463,000 after purchasing an additional 18 shares in the last quarter. LifeWealth Investments LLC raised its position in shares of Casey’s General Stores by 2.1% during the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock valued at $485,000 after buying an additional 18 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Casey’s General Stores by 2.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after acquiring an additional 20 shares during the last quarter. Valmark Advisers Inc. grew its position in Casey’s General Stores by 0.5% in the second quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock worth $2,247,000 after acquiring an additional 21 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its position in Casey’s General Stores by 0.5% in the second quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock worth $2,116,000 after acquiring an additional 21 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, December 10th. Evercore ISI raised their price target on Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. KeyCorp reiterated an “overweight” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. BMO Capital Markets increased their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research note on Wednesday, September 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Casey’s General Stores from $570.00 to $591.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $585.67.

Casey’s General Stores Stock Up 1.7%

Shares of NASDAQ:CASY opened at $573.61 on Thursday. The business’s 50 day moving average is $551.40 and its 200 day moving average is $536.45. The stock has a market cap of $21.26 billion, a P/E ratio of 35.28 and a beta of 0.67. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $575.98. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.61. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.85 EPS. Sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be issued a $0.57 dividend. The ex-dividend date is Friday, January 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s payout ratio is currently 14.02%.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon acquired 300 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the purchase, the director owned 803 shares in the company, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.