Anchor Capital Advisors LLC Sells 34,162 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Anchor Capital Advisors LLC cut its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 216,524 shares of the company's stock after selling 34,162 shares during the period. Casey's General Stores makes up about 1.6% of Anchor Capital Advisors LLC's investment portfolio, making the stock its 19th largest holding. Anchor Capital Advisors LLC owned about 0.58% of Casey's General Stores worth $59,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CASY. SG Americas Securities LLC raised its holdings in Casey's General Stores by 68.6% in the 3rd quarter. SG Americas Securities LLC now owns 1,135 shares of the company's stock worth $308,000 after acquiring an additional 462 shares during the last quarter. Copeland Capital Management LLC raised its stake in shares of Casey's General Stores by 0.6% in the third quarter. Copeland Capital Management LLC now owns 339,196 shares of the company's stock worth $92,098,000 after purchasing an additional 1,889 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Casey's General Stores by 7.6% during the third quarter. Commonwealth Equity Services LLC now owns 16,639 shares of the company's stock valued at $4,518,000 after purchasing an additional 1,174 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Casey's General Stores by 1.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 27,930 shares of the company's stock valued at $7,583,000 after buying an additional 528 shares during the last quarter. Finally, Robbins Farley bought a new stake in Casey's General Stores in the 3rd quarter worth about $2,826,000. Institutional investors own 85.63% of the company's stock.

Analyst Upgrades and Downgrades

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

Casey's General Stores Price Performance

CASY stock traded up $3.24 during mid-day trading on Monday, reaching $323.27. The company's stock had a trading volume of 308,667 shares, compared to its average volume of 279,646. 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 company's 50 day moving average is $308.71 and its two-hundred day moving average is $288.19. Casey's General Stores, Inc. has a fifty-two week low of $212.50 and a fifty-two week high of $324.40. The stock has a market cap of $11.97 billion, a PE ratio of 25.70, a P/E/G ratio of 2.56 and a beta of 0.83.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.13. The business had revenue of $3.33 billion during the quarter, compared to analysts' expectations 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 was down .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.36 EPS. Equities research analysts expect that Casey's General Stores, Inc. will post 12.81 EPS for the current year.

Casey's General Stores Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.53%. Casey's General Stores's dividend payout ratio is currently 13.67%.

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.