Farringdon Capital Ltd. Invests $369,000 in Casey's General Stores, Inc. (NASDAQ:CASY)

Farringdon Capital Ltd. acquired a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 932 shares of the company's stock, valued at approximately $369,000.

Several other large investors also recently added to or reduced their stakes in CASY. YANKCOM Partnership purchased a new stake in shares of Casey's General Stores in the fourth quarter valued at approximately $34,000. Endeavor Private Wealth Inc. bought a new stake in Casey's General Stores during the 4th quarter valued at $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 worth $59,000 after buying an additional 29 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Casey's General Stores during the 4th quarter worth $79,000. Finally, V Square Quantitative Management LLC increased its stake in shares of Casey's General Stores by 32.9% during 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 during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey's General Stores Price Performance

Shares of Casey's General Stores stock traded down $9.16 on Thursday, hitting $446.23. 115,620 shares of the company were exchanged, compared to its average volume of 284,452. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average price of $422.58 and a 200 day moving average price of $412.25. The stock has a market capitalization of $16.56 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Casey's General Stores, Inc. has a 1-year low of $312.51 and a 1-year high of $468.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released 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. The firm had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey's General Stores's revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $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 fiscal year.

Casey's General Stores Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on CASY. Evercore ISI upped their target price on 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 Casey's General Stores in a research note on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective for the company. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. 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 downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $430.33.

Insiders Place Their Bets

In other Casey's General Stores news, 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 sale, the insider now owns 2,443 shares in the company, valued at $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 available through this link. Also, Director Mike Spanos acquired 256 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now directly 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 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.