Casey's General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 2,693.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,661 shares of the company's stock after purchasing an additional 56,561 shares during the period. Balyasny Asset Management L.P. owned approximately 0.16% of Casey's General Stores worth $23,243,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Natixis increased its position in Casey's General Stores by 21.9% in the fourth quarter. Natixis now owns 8,337 shares of the company's stock worth $3,303,000 after purchasing an additional 1,499 shares during the last quarter. Sanctuary Advisors LLC increased its position in Casey's General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock worth $3,629,000 after purchasing an additional 3,065 shares during the last quarter. Scholtz & Company LLC purchased a new position in Casey's General Stores during the fourth quarter worth $2,375,000. JLB & Associates Inc. boosted its stake in Casey's General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after buying an additional 749 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its stake in Casey's General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock worth $21,131,000 after buying an additional 4,458 shares during the period. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Stock Down 1.8%

Shares of CASY traded down $8.23 during mid-day trading on Monday, hitting $440.43. 113,625 shares of the company traded hands, compared to its average volume of 287,841. Casey's General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $474.97. 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 company has a market capitalization of $16.35 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The business has a 50 day moving average of $432.29 and a 200 day moving average of $418.51.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted 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. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. Equities research analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. Casey's General Stores's dividend payout ratio is currently 13.94%.

Insider Activity at Casey's General Stores

In other news, Director Mike Spanos bought 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price 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 in the company, valued at approximately $1,310,652.24. This represents a 8.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now 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 owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. KeyCorp assumed coverage on shares of Casey's General Stores in a research note on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective for the company. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. Finally, Evercore ISI boosted their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Casey's General Stores Company 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.