Casey's General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Royal Bank of Canada

Royal Bank of Canada lifted its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 83,769 shares of the company's stock after purchasing an additional 7,397 shares during the quarter. Royal Bank of Canada owned about 0.23% of Casey's General Stores worth $33,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Natixis raised its stake in Casey's General Stores by 21.9% during the 4th quarter. Natixis now owns 8,337 shares of the company's stock valued at $3,303,000 after acquiring an additional 1,499 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Casey's General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock worth $3,629,000 after buying an additional 3,065 shares during the period. Scholtz & Company LLC acquired a new stake in shares of Casey's General Stores in the fourth quarter worth $2,375,000. JLB & Associates Inc. boosted its position in shares of Casey's General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after buying an additional 749 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its position in Casey's General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock valued at $21,131,000 after purchasing an additional 4,458 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday. Evercore ISI lifted their price objective on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. 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 upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $430.33.

Casey's General Stores Stock Down 1.4%

NASDAQ:CASY opened at $444.05 on Friday. The stock's fifty day moving average price is $441.62 and its two-hundred day moving average price is $421.37. Casey's General Stores, Inc. has a 52-week low of $313.89 and a 52-week high of $474.97. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 2.40 and a beta of 0.70.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.33 EPS. On average, analysts anticipate 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 was paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the 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 completion of the transaction, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. This represents a 9.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mike Spanos bought 256 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

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.

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