Casey's General Stores, Inc. (NASDAQ:CASY) is Hunter Perkins Capital Management LLC's 3rd Largest Position

Hunter Perkins Capital Management LLC lessened its holdings 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 filing with the Securities & Exchange Commission. The fund owned 58,176 shares of the company's stock after selling 6,304 shares during the period. Casey's General Stores accounts for approximately 5.9% of Hunter Perkins Capital Management LLC's holdings, making the stock its 3rd biggest position. Hunter Perkins Capital Management LLC owned 0.16% of Casey's General Stores worth $25,251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Casey's General Stores in the first quarter valued at $25,000. Global Financial Private Client LLC increased its holdings in shares of Casey's General Stores by 325.0% in the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after acquiring an additional 52 shares during the period. Whipplewood Advisors LLC lifted its position in Casey's General Stores by 160.0% in the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock valued at $51,000 after purchasing an additional 72 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Casey's General Stores during the 4th quarter valued at about $79,000. Finally, Point72 Hong Kong Ltd acquired a new position in Casey's General Stores during the 4th quarter valued at about $87,000. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the business'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 approximately $1,067,615.43. The trade was a 9.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Darren M. Rebelez sold 20,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the completion of the transaction, the chief executive officer now owns 89,840 shares of the company's stock, valued at approximately $45,623,447.20. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,136 shares of company stock valued at $21,860,121 in the last three months. 0.56% of the stock is currently owned by corporate insiders.

Casey's General Stores Price Performance

NASDAQ CASY traded up $2.97 on Monday, reaching $509.15. The company's stock had a trading volume of 191,622 shares, compared to its average volume of 301,586. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $514.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The firm's 50 day moving average is $465.06 and its two-hundred day moving average is $432.43. The stock has a market cap of $18.93 billion, a PE ratio of 34.78, a PEG ratio of 2.52 and a beta of 0.66.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The business's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. As a group, sell-side analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, August 1st. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's dividend payout ratio is 13.66%.

Wall Street Analyst Weigh In

CASY has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. Stephens reiterated an "overweight" rating and set a $490.00 price target on shares of Casey's General Stores in a research report on Tuesday, June 10th. Wells Fargo & Company raised their price target on Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Royal Bank Of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Finally, BMO Capital Markets upped their price objective on shares of Casey's General Stores from $450.00 to $515.00 and gave the stock a "market perform" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $453.00.

About Casey's General Stores

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.