Freestone Grove Partners LP Acquires Shares of 63,057 Casey's General Stores, Inc. (NASDAQ:CASY)

Freestone Grove Partners LP acquired a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 63,057 shares of the company's stock, valued at approximately $24,985,000. Freestone Grove Partners LP owned approximately 0.17% of Casey's General Stores as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the business. YANKCOM Partnership bought a new stake in Casey's General Stores during the 4th quarter worth about $34,000. Endeavor Private Wealth Inc. acquired a new position in shares of Casey's General Stores during the fourth quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Casey's General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Casey's General Stores in the fourth quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC raised its position in Casey's General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after purchasing an additional 52 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. KeyCorp initiated coverage on Casey's General Stores in a report on Friday, April 11th. They set an "overweight" rating and a $500.00 price objective for the company. Royal Bank of Canada set a $438.00 target price on shares of Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Finally, Evercore ISI boosted their price target on shares of 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 analyst has rated the stock with a sell rating, three have assigned a hold rating, eight 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 250 shares of the 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 completion of the transaction, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 256 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Trading Down 1.5 %

Shares of NASDAQ CASY opened at $455.54 on Friday. Casey's General Stores, Inc. has a twelve month low of $313.67 and a twelve month high of $468.88. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 2.40 and a beta of 0.74. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company's fifty day moving average is $426.69 and its 200-day moving average is $415.21.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted 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. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The company's revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.44%. Casey's General Stores's payout ratio is 13.94%.

Casey's General Stores Company 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.

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