CenterBook Partners LP Invests $1.08 Million in Casey's General Stores, Inc. (NASDAQ:CASY)

CenterBook Partners LP acquired a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,724 shares of the company's stock, valued at approximately $1,079,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. YANKCOM Partnership purchased a new position in Casey's General Stores in the fourth quarter worth $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores in the 4th quarter worth about $36,000. MassMutual Private Wealth & Trust FSB increased 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 purchasing an additional 29 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Casey's General Stores during the 4th quarter valued at about $79,000. Finally, V Square Quantitative Management LLC lifted its position 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 buying an additional 52 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Down 0.0 %

NASDAQ:CASY traded down $0.08 during trading hours on Thursday, reaching $457.25. 134,582 shares of the company traded hands, compared to its average volume of 283,674. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The business's 50-day moving average price is $420.25 and its two-hundred day moving average price is $409.32. Casey's General Stores, Inc. has a 1 year low of $306.69 and a 1 year high of $468.88. The stock has a market capitalization of $16.97 billion, a P/E ratio of 31.84, a P/E/G ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same period last year, the business earned $2.33 EPS. Casey's General Stores's revenue was up 17.2% compared to the same quarter last year. 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 will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.44%. Casey's General Stores's payout ratio is 13.94%.

Insiders Place Their Bets

In related news, Director Mike Spanos bought 256 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the transaction, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on CASY. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. KeyCorp initiated coverage on Casey's General Stores in a report on Friday, April 11th. They issued an "overweight" rating and a $500.00 price objective on the stock. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, 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. One investment 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 MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and an average price target of $430.33.

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.