Shaker Investments LLC OH Sells 3,281 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Shaker Investments LLC OH lessened its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,946 shares of the company's stock after selling 3,281 shares during the period. Shaker Investments LLC OH's holdings in Casey's General Stores were worth $2,733,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CASY. Money Concepts Capital Corp increased its stake in Casey's General Stores by 62.7% during the 4th quarter. Money Concepts Capital Corp now owns 122 shares of the company's stock worth $27,000 after acquiring an additional 47 shares during the period. BKM Wealth Management LLC bought a new position in Casey's General Stores during the 4th quarter worth $29,000. Sunbelt Securities Inc. increased its stake in Casey's General Stores by 46.6% during the 2nd quarter. Sunbelt Securities Inc. now owns 129 shares of the company's stock worth $31,000 after acquiring an additional 41 shares during the period. Fortis Capital Advisors LLC bought a new position in Casey's General Stores during the 1st quarter worth $31,000. Finally, Milestone Investment Advisors LLC bought a new position in Casey's General Stores during the 1st quarter worth $34,000. Institutional investors own 85.63% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CASY. Wells Fargo & Company lifted their price target on Casey's General Stores from $305.00 to $340.00 and gave the company an "overweight" rating in a research note on Tuesday, March 5th. StockNews.com lowered Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 21st. Evercore ISI decreased their price target on Casey's General Stores from $355.00 to $350.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 2nd. Benchmark reiterated a "buy" rating and issued a $312.00 price target on shares of Casey's General Stores in a research note on Wednesday, March 6th. Finally, BMO Capital Markets lifted their price target on Casey's General Stores from $290.00 to $305.00 and gave the company a "market perform" rating in a research note on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $308.44.

Casey's General Stores Price Performance

Shares of NASDAQ CASY traded up $0.27 during mid-day trading on Friday, hitting $310.06. 236,425 shares of the stock traded hands, compared to its average volume of 275,881. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. Casey's General Stores, Inc. has a twelve month low of $212.50 and a twelve month high of $324.40. The company has a market cap of $11.48 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 2.49 and a beta of 0.83. The firm has a 50 day simple moving average of $301.69 and a two-hundred day simple moving average of $284.75.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. Casey's General Stores had a return on equity of 16.70% and a net margin of 3.23%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the business posted $2.36 EPS. Casey's General Stores's revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts forecast that Casey's General Stores, Inc. will post 12.85 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.55%. The ex-dividend date is Tuesday, April 30th. Casey's General Stores's payout ratio is presently 13.67%.

Casey's General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.

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