Twinbeech Capital LP Acquires Shares of 9,372 Casey's General Stores, Inc. (NASDAQ:CASY)

Twinbeech Capital LP acquired a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,372 shares of the company's stock, valued at approximately $3,713,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tidal Investments LLC grew its stake in shares of Casey's General Stores by 12.2% in the fourth quarter. Tidal Investments LLC now owns 662 shares of the company's stock valued at $262,000 after buying an additional 72 shares in the last quarter. Select Equity Group L.P. acquired a new stake in shares of Casey's General Stores in the fourth quarter valued at $11,944,000. Snowden Capital Advisors LLC grew its stake in shares of Casey's General Stores by 4.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 1,317 shares of the company's stock valued at $522,000 after buying an additional 53 shares in the last quarter. Security National Bank of SO Dak grew its stake in shares of Casey's General Stores by 4.3% in the fourth quarter. Security National Bank of SO Dak now owns 1,088 shares of the company's stock valued at $431,000 after buying an additional 45 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Casey's General Stores by 9.7% in the fourth quarter. Royal Bank of Canada now owns 83,769 shares of the company's stock valued at $33,192,000 after buying an additional 7,397 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Casey's General Stores Stock Up 0.4%

Shares of NASDAQ:CASY traded up $1.68 on Friday, hitting $445.73. 225,285 shares of the company's stock were exchanged, compared to its average volume of 292,057. The firm's 50-day moving average is $442.80 and its 200 day moving average is $421.79. The company has a market capitalization of $16.55 billion, a PE ratio of 31.06, a P/E/G ratio of 2.40 and a beta of 0.70. Casey's General Stores, Inc. has a 1-year low of $313.89 and a 1-year 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.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released 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. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. During the same period in the prior year, the firm posted $2.33 EPS. The business's quarterly revenue was up 17.2% compared to the same quarter last year. Sell-side analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st were issued a $0.50 dividend. 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 currently 13.94%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CASY shares. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday. KeyCorp began coverage on Casey's General Stores in a research note on Friday, April 11th. They issued an "overweight" rating and a $500.00 price objective for the company. Stephens raised Casey's General Stores to a "strong-buy" rating in a research note on Monday, April 7th. Finally, Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $430.33.

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.