Prosperitas Financial LLC increased its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 239.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,248 shares of the company's stock after buying an additional 3,700 shares during the period. Prosperitas Financial LLC's holdings in Casey's General Stores were worth $1,442,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Money Concepts Capital Corp boosted its position in shares of Casey's General Stores by 62.7% in the fourth 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 last quarter. BKM Wealth Management LLC purchased a new stake in shares of Casey's General Stores during the 4th quarter valued at $29,000. Sunbelt Securities Inc. increased its holdings in shares of 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 buying an additional 41 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Casey's General Stores in the 1st quarter worth $31,000. Finally, Milestone Investment Advisors LLC acquired a new position in Casey's General Stores in the first quarter valued at $34,000. Hedge funds and other institutional investors own 85.63% of the company's stock.
Casey's General Stores Stock Down 0.1 %
CASY stock traded down $0.23 during trading on Tuesday, reaching $312.55. The stock had a trading volume of 255,820 shares, compared to its average volume of 278,923. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average price of $303.21 and a 200 day moving average price of $285.45. The company has a market capitalization of $11.57 billion, a P/E ratio of 24.85, a PEG ratio of 2.48 and a beta of 0.83. Casey's General Stores, Inc. has a 1-year low of $212.50 and a 1-year high of $324.40.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. Casey's General Stores had a return on equity of 16.70% and a net margin of 3.23%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.36 earnings per share. On average, equities analysts anticipate that Casey's General Stores, Inc. will post 12.81 earnings per share for the current year.
Casey's General Stores Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey's General Stores's payout ratio is 13.67%.
Analysts Set New Price Targets
CASY has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on Casey's General Stores from $305.00 to $340.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 5th. Benchmark restated a "buy" rating and issued a $312.00 price target on shares of Casey's General Stores in a report on Wednesday, March 6th. BMO Capital Markets lifted their price target on shares of Casey's General Stores from $290.00 to $305.00 and gave the company a "market perform" rating in a research report on Wednesday, March 13th. Evercore ISI dropped their price objective on shares of Casey's General Stores from $350.00 to $345.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, StockNews.com lowered Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $312.63.
Check Out Our Latest Stock Report on Casey's General Stores
About Casey's General Stores
(
Free Report)
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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