Rip Road Capital Partners LP Buys 5,800 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Rip Road Capital Partners LP boosted its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 65.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,666 shares of the company's stock after purchasing an additional 5,800 shares during the quarter. Casey's General Stores makes up 4.9% of Rip Road Capital Partners LP's portfolio, making the stock its 11th biggest holding. Rip Road Capital Partners LP's holdings in Casey's General Stores were worth $5,811,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CASY. HighPoint Advisor Group LLC increased its position in Casey's General Stores by 1.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock worth $628,000 after purchasing an additional 25 shares during the last quarter. Dark Forest Capital Management LP increased its holdings in shares of Casey's General Stores by 3.2% during the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock worth $357,000 after buying an additional 28 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position 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 worth $59,000 after buying an additional 29 shares during the period. Harbour Investments Inc. boosted its holdings in Casey's General Stores by 3.1% in the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after acquiring an additional 30 shares during the last quarter. Finally, Laidlaw Wealth Management LLC grew its position in Casey's General Stores by 3.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after acquiring an additional 32 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CASY has been the topic of several research reports. Evercore ISI raised 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 report on Tuesday, April 1st. KeyCorp initiated coverage on shares of Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 target price on the stock. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of 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 issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $430.33.

Casey's General Stores Price Performance

Shares of CASY traded up $3.15 during trading hours on Tuesday, hitting $459.24. 99,722 shares of the company were exchanged, compared to its average volume of 347,487. Casey's General Stores, Inc. has a one year low of $313.89 and a one year high of $474.97. The company has a market capitalization of $17.05 billion, a PE ratio of 32.00, a PEG ratio of 2.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a fifty day simple moving average of $438.17 and a 200-day simple moving average of $420.47.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping 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 firm's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm posted $2.33 earnings per share. As a group, sell-side 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 business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.44%. Casey's General Stores's dividend payout ratio (DPR) is presently 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 stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This represents a 9.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos bought 256 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26% increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

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.