Nebula Research & Development LLC Cuts Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Nebula Research & Development LLC cut its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 64.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,098 shares of the company's stock after selling 5,607 shares during the period. Nebula Research & Development LLC's holdings in Casey's General Stores were worth $1,228,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its stake in shares of Casey's General Stores by 50.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,592 shares of the company's stock valued at $1,027,000 after buying an additional 866 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of Casey's General Stores by 7.5% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,822 shares of the company's stock valued at $1,911,000 after acquiring an additional 335 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Casey's General Stores by 1.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock worth $703,833,000 after purchasing an additional 31,131 shares during the period. MGO One Seven LLC lifted its position in Casey's General Stores by 16.3% during the fourth quarter. MGO One Seven LLC now owns 4,172 shares of the company's stock worth $1,653,000 after purchasing an additional 586 shares during the period. Finally, Pinebridge Investments L.P. increased its holdings in Casey's General Stores by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 14,092 shares of the company's stock valued at $5,584,000 after buying an additional 4,216 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey's General Stores Price Performance

Shares of CASY stock traded up $3.61 on Friday, reaching $459.15. The company's stock had a trading volume of 72,135 shares, compared to its average volume of 285,375. Casey's General Stores, Inc. has a 12-month low of $313.67 and a 12-month high of $468.88. The stock's 50 day simple moving average is $426.69 and its 200-day simple moving average is $415.21. 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 has a market capitalization of $17.04 billion, a P/E ratio of 31.99, a PEG ratio of 2.40 and a beta of 0.74.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.90 billion for the quarter, compared to analysts' expectations of $3.74 billion. During the same period in the prior year, the business earned $2.33 earnings per share. Casey's General Stores's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.44%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is currently 13.94%.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the sale, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. This represents a 9.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mike Spanos acquired 256 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. KeyCorp started coverage on shares of Casey's General Stores in a report on Friday, April 11th. They issued an "overweight" rating and a $500.00 target price for the company. Evercore ISI raised their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Royal Bank of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $430.33.

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.