Bridgewater Associates LP trimmed its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 58.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,693 shares of the company's stock after selling 9,428 shares during the period. Bridgewater Associates LP's holdings in Casey's General Stores were worth $2,652,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of CASY. Sanctuary Advisors LLC raised its stake in Casey's General Stores by 55.6% during 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 period. Scholtz & Company LLC acquired a new position in Casey's General Stores in the fourth quarter valued at approximately $2,375,000. JLB & Associates Inc. grew its position in Casey's General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after acquiring an additional 749 shares during the period. Segall Bryant & Hamill LLC grew its position in Casey's General Stores by 9.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock worth $21,131,000 after acquiring an additional 4,458 shares during the period. Finally, South Dakota Investment Council grew its position in Casey's General Stores by 28.0% in the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company's stock worth $3,988,000 after acquiring an additional 2,200 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.
Casey's General Stores Price Performance
Shares of Casey's General Stores stock traded down $5.77 on Thursday, hitting $449.62. The company's stock had a trading volume of 103,792 shares, compared to its average volume of 284,412. Casey's General Stores, Inc. has a 52-week low of $312.51 and a 52-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 fifty day moving average price of $422.58 and a 200-day moving average price of $412.25. The company has a market capitalization of $16.69 billion, a P/E ratio of 31.31, a price-to-earnings-growth 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 EPS for the quarter, topping 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 business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the firm earned $2.33 EPS. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. On average, equities research analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.
Casey's General Stores Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.44%. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.
Insider Transactions at Casey's General Stores
In related news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were 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 owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos bought 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost 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 represents a 8.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.
Analysts Set New Price Targets
Several brokerages recently weighed in on CASY. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. 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 report on Wednesday, March 12th. Evercore ISI raised their price target on 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. Finally, StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $430.33.
View Our Latest Report on CASY
About Casey's General Stores
(
Free Report)
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.
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