Capstone Investment Advisors LLC Buys Shares of 846 Casey's General Stores, Inc. (NASDAQ:CASY)

Capstone Investment Advisors LLC acquired a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 846 shares of the company's stock, valued at approximately $335,000.

Several other large investors also recently made changes to their positions in CASY. HighPoint Advisor Group LLC raised its position in shares of Casey's General Stores by 1.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock valued at $628,000 after buying an additional 25 shares in the last quarter. Dark Forest Capital Management LP raised its position in Casey's General Stores by 3.2% during the fourth quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock valued at $357,000 after purchasing an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Casey's General Stores by 24.2% during the fourth 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 in the last quarter. Harbour Investments Inc. boosted its holdings in shares of Casey's General Stores by 3.1% in the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after purchasing an additional 30 shares in the last quarter. Finally, Laidlaw Wealth Management LLC raised its holdings in shares of Casey's General Stores by 3.1% during the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock worth $421,000 after buying an additional 32 shares in the last quarter. Institutional investors own 85.63% of the company's stock.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 250 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now directly owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos bought 256 shares of the company's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CASY. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. 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 target price on the stock. Royal Bank of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. StockNews.com lowered Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Evercore ISI increased their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $430.33.

Casey's General Stores Trading Down 1.3 %

CASY stock traded down $5.82 during midday trading on Friday, hitting $446.68. The stock had a trading volume of 811,250 shares, compared to its average volume of 288,269. 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 firm has a market cap of $16.58 billion, a P/E ratio of 31.13, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The business has a fifty day moving average price of $432.29 and a two-hundred day moving average price of $418.10. Casey's General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $474.97.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results 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 return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. During the same quarter last year, the firm posted $2.33 earnings per share. The firm's revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

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

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.