Stifel Financial Corp Has $24 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Stifel Financial Corp reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,539 shares of the company’s stock after selling 7,748 shares during the period. Stifel Financial Corp owned 0.16% of Casey’s General Stores worth $24,004,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. HighPoint Advisor Group LLC grew its position in shares of Casey’s General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock valued at $628,000 after purchasing an additional 25 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after buying an additional 29 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Casey’s General Stores by 3.1% during the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company’s stock worth $397,000 after buying an additional 30 shares during the last quarter. Laidlaw Wealth Management LLC boosted its position in shares of Casey’s General Stores by 3.1% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock valued at $421,000 after acquiring an additional 32 shares during the period. Finally, M&T Bank Corp grew its stake in shares of Casey’s General Stores by 2.1% in the fourth quarter. M&T Bank Corp now owns 1,802 shares of the company’s stock worth $714,000 after acquiring an additional 37 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Stephens upgraded shares of Casey’s General Stores to a “strong-buy” rating in a research report on Monday, April 7th. KeyCorp started coverage on Casey’s General Stores in a research report on Friday, April 11th. They set an “overweight” rating and a $500.00 target price on the stock. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI boosted their price objective on 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. 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 research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $430.33.

Casey’s General Stores Stock Down 1.8 %

NASDAQ:CASY opened at $447.29 on Friday. Casey’s General Stores, Inc. has a 1 year low of $313.67 and a 1 year high of $468.88. The stock has a 50-day moving average price of $422.88 and a two-hundred day moving average price of $412.77. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 2.40 and a beta of 0.74. 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 issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. The business 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%. Casey’s General Stores’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 EPS. As a group, equities analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.50 per share. The ex-dividend date 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 payout ratio is 13.94%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 256 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 250 shares of the business’s 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 completion of the sale, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores 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.