Focus Partners Advisor Solutions LLC Acquires 1,450 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Focus Partners Advisor Solutions LLC grew its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 76.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,335 shares of the company's stock after purchasing an additional 1,450 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Casey's General Stores were worth $1,322,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CASY. YANKCOM Partnership purchased a new stake in shares of Casey's General Stores in the 4th quarter worth $34,000. Endeavor Private Wealth Inc. bought a new stake in shares of Casey's General Stores in the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB lifted its stake in Casey's General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock worth $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC bought a new position in Casey's General Stores during the 4th quarter worth about $79,000. Finally, V Square Quantitative Management LLC increased its position in Casey's General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after purchasing an additional 52 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CASY has been the subject of several research reports. Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday. Stephens raised Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Finally, Evercore ISI upped 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. One equities 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $430.33.

Casey's General Stores Price Performance

Shares of CASY stock opened at $444.05 on Friday. Casey's General Stores, Inc. has a fifty-two week low of $313.89 and a fifty-two 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 firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 2.40 and a beta of 0.70. The stock's 50-day simple moving average is $441.62 and its 200-day simple moving average is $421.37.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $2.33 EPS. As a group, equities analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 256 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This trade represents a 8.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade represents a 9.28% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

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.

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