Casey's General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Cwm LLC

CWM LLC lifted its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 257.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,725 shares of the company's stock after purchasing an additional 4,846 shares during the period. CWM LLC's holdings in Casey's General Stores were worth $1,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LexAurum Advisors LLC grew its holdings in Casey's General Stores by 3.1% during the fourth quarter. LexAurum Advisors LLC now owns 1,317 shares of the company's stock valued at $362,000 after purchasing an additional 40 shares during the period. Signaturefd LLC grew its stake in shares of Casey's General Stores by 12.8% during the 3rd quarter. Signaturefd LLC now owns 387 shares of the company's stock valued at $105,000 after acquiring an additional 44 shares during the period. Savant Capital LLC increased its holdings in Casey's General Stores by 5.0% in the 3rd quarter. Savant Capital LLC now owns 974 shares of the company's stock worth $264,000 after acquiring an additional 46 shares in the last quarter. Raymond James Trust N.A. raised its stake in Casey's General Stores by 5.0% during the 4th quarter. Raymond James Trust N.A. now owns 1,034 shares of the company's stock worth $284,000 after acquiring an additional 49 shares during the period. Finally, Portside Wealth Group LLC lifted its holdings in Casey's General Stores by 4.7% during the third quarter. Portside Wealth Group LLC now owns 1,155 shares of the company's stock valued at $315,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Trading Up 0.7 %

Shares of CASY traded up $2.25 during midday trading on Friday, hitting $320.03. The stock had a trading volume of 229,668 shares, compared to its average volume of 279,288. Casey's General Stores, Inc. has a 1 year low of $212.50 and a 1 year high of $324.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. The stock's 50 day moving average is $307.99 and its 200 day moving average is $287.60. The firm has a market cap of $11.85 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 2.53 and a beta of 0.83.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, topping 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 firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the prior year, the business posted $2.36 earnings per share. The company's revenue for the quarter was down .1% on a year-over-year basis. As a group, analysts forecast that Casey's General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, April 30th. Casey's General Stores's dividend payout ratio (DPR) is presently 13.67%.

Wall Street Analyst Weigh In

CASY has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Casey's General Stores from $305.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday, March 5th. Benchmark reissued a "buy" rating and issued a $312.00 price target on shares of Casey's General Stores in a report on Wednesday, March 6th. StockNews.com downgraded Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 21st. Evercore ISI reduced their price objective on shares of Casey's General Stores from $350.00 to $345.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 16th. Finally, BMO Capital Markets upped their target price on shares of Casey's General Stores from $290.00 to $305.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average target price of $312.63.

Casey's General Stores Company 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.