Hunter Perkins Capital Management LLC Has $25.25 Million Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Hunter Perkins Capital Management LLC lessened its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 9.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,176 shares of the company's stock after selling 6,304 shares during the quarter. Casey's General Stores makes up approximately 5.9% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 3rd biggest position. Hunter Perkins Capital Management LLC owned 0.16% of Casey's General Stores worth $25,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CASY. Versant Capital Management Inc purchased a new stake in Casey's General Stores during the 1st quarter valued at $25,000. Global Financial Private Client LLC increased its position in shares of Casey's General Stores by 325.0% in the first quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock valued at $30,000 after acquiring an additional 52 shares during the period. Whipplewood Advisors LLC raised its stake in shares of Casey's General Stores by 160.0% during the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock valued at $51,000 after acquiring an additional 72 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Casey's General Stores during the fourth quarter worth about $79,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Casey's General Stores during the fourth quarter worth about $87,000. Institutional investors own 85.63% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on CASY shares. Evercore ISI upped their price target 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. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. BMO Capital Markets upped their target price on Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a report on Wednesday, June 11th. The Goldman Sachs Group raised their price target on Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Finally, Stephens reissued an "overweight" rating and set a $490.00 price objective on shares of Casey's General Stores in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $453.00.

Casey's General Stores Stock Up 0.4%

Shares of CASY stock traded up $2.17 during mid-day trading on Friday, reaching $506.18. 456,080 shares of the company's stock traded hands, compared to its average volume of 303,245. The company's 50-day moving average price is $464.14 and its 200-day moving average price is $431.73. The company has a market cap of $18.82 billion, a P/E ratio of 34.58, a P/E/G ratio of 2.51 and a beta of 0.65. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. Casey's General Stores, Inc. has a 12 month low of $350.52 and a 12 month high of $514.32.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.69. The company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. Casey's General Stores's revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $2.34 EPS. On average, equities analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.45%. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 1st. Casey's General Stores's dividend payout ratio (DPR) is presently 13.66%.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, Director Allison M. Wing sold 1,000 shares of Casey's General Stores stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $502.16, for a total transaction of $502,160.00. Following the completion of the transaction, the director now owns 3,058 shares in the company, valued at approximately $1,535,605.28. The trade was a 24.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 2,000 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total value of $1,012,140.00. Following the completion of the sale, the insider now directly owns 4,636 shares in the company, valued at $2,346,140.52. This trade represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,136 shares of company stock valued at $21,860,121 in the last ninety days. 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.