1,200 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Acquired by DMKC Advisory Services LLC

DMKC Advisory Services LLC purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,200 shares of the company’s stock, valued at approximately $475,000.

Several other hedge funds also recently added to or reduced their stakes in CASY. YANKCOM Partnership acquired a new position in shares of Casey’s General Stores in the 4th quarter valued at $34,000. Endeavor Private Wealth Inc. purchased a new stake in Casey’s General Stores in the fourth quarter valued at $36,000. Venturi Wealth Management LLC boosted its stake in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 113 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Casey’s General Stores during the third quarter worth about $76,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mike Spanos acquired 500 shares of Casey’s General Stores stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the acquisition, the director now owns 3,097 shares of the company’s stock, valued at $1,228,765.72. The trade was 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on CASY. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada increased their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Evercore ISI lifted their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Up 2.0 %

Shares of NASDAQ:CASY opened at $422.74 on Wednesday. Casey’s General Stores, Inc. has a fifty-two week low of $290.00 and a fifty-two week high of $445.17. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm’s 50-day simple moving average is $409.95 and its 200-day simple moving average is $397.67. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.40 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.24 EPS. As a group, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, February 3rd. Casey’s General Stores’s payout ratio is 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.