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

Casey's General Stores logo with Retail/Wholesale background

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.

View Our Latest Report on Casey's General Stores

About Casey's General Stores

(Free Report)

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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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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