Casey's General Stores, Inc. (NASDAQ:CASY) Stock Position Lifted by Bokf Na

BOKF NA grew its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3,508.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,114 shares of the company's stock after purchasing an additional 4,000 shares during the period. BOKF NA's holdings in Casey's General Stores were worth $1,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Casey's General Stores by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock valued at $1,505,319,000 after purchasing an additional 44,295 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Casey's General Stores by 1.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock worth $703,833,000 after acquiring an additional 31,131 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Casey's General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company's stock worth $285,090,000 after acquiring an additional 119,350 shares during the last quarter. Franklin Resources Inc. lifted its stake in Casey's General Stores by 29.5% in the fourth quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock worth $268,952,000 after acquiring an additional 154,541 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Casey's General Stores in the fourth quarter worth approximately $236,500,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CASY has been the topic of a number of research analyst reports. Evercore ISI raised 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 report on Tuesday, April 1st. KeyCorp started coverage on shares of Casey's General Stores in a report on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective on the stock. Stephens raised shares of 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 shares of Casey's General Stores and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Finally, StockNews.com cut Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. 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 given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $430.33.

Casey's General Stores Stock Up 0.1%

Shares of CASY traded up $0.41 during midday trading on Wednesday, reaching $433.21. 102,549 shares of the company were exchanged, compared to its average volume of 348,811. The stock has a 50-day moving average price of $433.68 and a 200-day moving average price of $418.93. The company has a market cap of $16.08 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 2.40 and a beta of 0.70. 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 current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 earnings per share. Research analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

Insider Buying and Selling at Casey's General Stores

In related news, Director Mike Spanos bought 256 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost 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 approximately $1,310,652.24. The trade was a 8.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now owns 2,443 shares of the company's stock, valued at $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 currently owned by corporate insiders.

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.