Curi RMB Capital LLC Invests $6.12 Million in Casey's General Stores, Inc. (NASDAQ:CASY)

Curi RMB Capital LLC purchased a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,435 shares of the company's stock, valued at approximately $6,116,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HighPoint Advisor Group LLC boosted its stake in shares of Casey's General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock worth $628,000 after acquiring an additional 25 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in 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 purchasing an additional 29 shares during the period. Harbour Investments Inc. grew its holdings in Casey's General Stores by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after buying an additional 30 shares in the last quarter. Laidlaw Wealth Management LLC grew its holdings in 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 valued at $421,000 after buying an additional 32 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Casey's General Stores by 2.1% during the fourth quarter. M&T Bank Corp now owns 1,802 shares of the company's stock valued at $714,000 after buying an additional 37 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Trading Down 0.3 %

Shares of CASY traded down $1.42 during midday trading on Friday, hitting $445.87. The stock had a trading volume of 108,446 shares, compared to its average volume of 284,795. The stock's 50 day moving average is $422.88 and its 200 day moving average is $412.77. The firm has a market cap of $16.55 billion, a PE ratio of 31.03, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey's General Stores, Inc. has a 1 year low of $313.67 and a 1 year high of $468.88.

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, 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 during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the firm earned $2.33 earnings per share. The firm's quarterly revenue was up 17.2% compared to the same quarter last year. As a group, analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Gordon Haskett raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Evercore ISI raised their price objective 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. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Finally, KeyCorp started 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 on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $430.33.

Insider Buying and Selling at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction that occurred on Thursday, March 13th. The stock was acquired 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 $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. 0.56% of the stock is 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.