Boothbay Fund Management LLC Takes $2.13 Million Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Boothbay Fund Management LLC purchased a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,362 shares of the company's stock, valued at approximately $2,125,000.

Several other large investors have also recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Casey's General Stores during the 4th quarter worth approximately $1,708,000. Coldstream Capital Management Inc. lifted its stake in shares of Casey's General Stores by 12.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,189 shares of the company's stock valued at $471,000 after purchasing an additional 128 shares during the period. Two Sigma Securities LLC lifted its stake in shares of Casey's General Stores by 26.3% in the 4th quarter. Two Sigma Securities LLC now owns 2,525 shares of the company's stock valued at $1,000,000 after purchasing an additional 525 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Casey's General Stores by 50.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,592 shares of the company's stock valued at $1,027,000 after purchasing an additional 866 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its stake in Casey's General Stores by 7.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,822 shares of the company's stock worth $1,911,000 after buying an additional 335 shares during the period. 85.63% of the stock is owned by institutional investors.

Casey's General Stores Price Performance

Shares of NASDAQ:CASY traded down $0.81 during trading on Wednesday, reaching $462.59. 341,897 shares of the company's stock traded hands, compared to its average volume of 286,009. Casey's General Stores, Inc. has a fifty-two week low of $313.67 and a fifty-two week high of $468.88. 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 has a market cap of $17.17 billion, a PE ratio of 32.24, a P/E/G ratio of 2.40 and a beta of 0.74. The company has a 50-day simple moving average of $425.87 and a 200-day simple moving average of $414.76.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the company earned $2.33 EPS. The firm's revenue was up 17.2% compared to the same quarter last year. As a group, 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 company also recently announced 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. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos bought 256 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the purchase, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. The trade was 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 company insiders.

Analyst Ratings Changes

CASY has been the subject of several recent analyst reports. 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 report on Wednesday, March 12th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Evercore ISI upped their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, KeyCorp started coverage on shares of Casey's General Stores in a research report on Friday, April 11th. They set an "overweight" rating and a $500.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from 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.