846 Shares in Casey's General Stores, Inc. (NASDAQ:CASY) Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 846 shares of the company's stock, valued at approximately $335,000.

A number of other institutional investors also recently bought and sold shares of CASY. YANKCOM Partnership purchased a new position in Casey's General Stores during the 4th quarter worth $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after buying an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Casey's General Stores in the fourth quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Casey's General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after buying an additional 52 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Casey's General Stores

In related news, Director Mike Spanos acquired 256 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now directly owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This trade represents a 9.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Trading Down 2.1%

Shares of Casey's General Stores stock traded down $9.34 during mid-day trading on Monday, hitting $439.32. 126,648 shares of the stock were exchanged, compared to its average volume of 287,897. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of 30.61, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. Casey's General Stores, Inc. has a twelve month low of $313.89 and a twelve month high of $474.97. 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 company has a 50-day simple moving average of $432.29 and a 200 day simple moving average of $418.51.

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

Casey's General Stores Announces Dividend

The firm 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 $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.46%. Casey's General Stores's payout ratio is currently 13.94%.

Wall Street Analyst Weigh In

CASY has been the subject of a number of research analyst reports. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. 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. Evercore ISI lifted their price target on shares of 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. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Finally, KeyCorp assumed coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned 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.com, the company has an average 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.