Schonfeld Strategic Advisors LLC Purchases 8,440 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Schonfeld Strategic Advisors LLC increased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 241.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,940 shares of the company's stock after acquiring an additional 8,440 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Casey's General Stores were worth $4,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in Casey's General Stores in the fourth quarter valued at about $34,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Casey's General Stores in the 4th quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Casey's General Stores during the 4th quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC lifted its stake in Casey's General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after purchasing an additional 52 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Insider Activity at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos bought 256 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now directly owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares of the company's stock, valued at $1,067,615.43. The trade was a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. StockNews.com lowered shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. Finally, Evercore ISI boosted their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Casey's General Stores Trading Up 1.7 %

CASY stock traded up $7.73 during midday trading on Monday, hitting $466.38. The stock had a trading volume of 285,384 shares, compared to its average volume of 285,482. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The firm has a market cap of $17.31 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70. The business has a fifty day moving average price of $428.42 and a two-hundred day moving average price of $416.60. Casey's General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $470.50.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS 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 during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the firm posted $2.33 EPS. The company's quarterly revenue was up 17.2% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Casey's General Stores 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.