Casey's General Stores, Inc. (NASDAQ:CASY) Shares Sold by Speece Thorson Capital Group Inc.

Speece Thorson Capital Group Inc. decreased its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,385 shares of the company's stock after selling 5,931 shares during the quarter. Speece Thorson Capital Group Inc. owned 0.06% of Casey's General Stores worth $9,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CASY. YANKCOM Partnership bought a new position in Casey's General Stores during the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. purchased a new position in shares of Casey's General Stores during the 4th quarter worth about $36,000. MassMutual Private Wealth & Trust FSB grew its holdings in 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 purchased a new stake in Casey's General Stores in the 4th quarter worth about $79,000. Finally, V Square Quantitative Management LLC lifted its stake in Casey's General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after purchasing an additional 52 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey's General Stores Stock Down 0.3 %

Casey's General Stores stock traded down $1.49 during trading hours on Friday, reaching $445.80. The stock had a trading volume of 151,204 shares, compared to its average volume of 285,020. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.40 and a beta of 0.74. The business's 50 day moving average price is $422.88 and its 200-day moving average price is $412.77. Casey's General Stores, Inc. has a 52 week low of $313.67 and a 52 week high of $468.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted 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 firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the business posted $2.33 EPS. Casey's General Stores's revenue was up 17.2% on a year-over-year basis. Sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.45%. Casey's General Stores's dividend payout ratio (DPR) is 13.94%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CASY shares. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Gordon Haskett upgraded shares of 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. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Finally, KeyCorp assumed coverage on shares of Casey's General Stores in a research report on Friday, April 11th. They set an "overweight" rating and a $500.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $430.33.

Insider Buying and Selling

In related news, Director Mike Spanos bought 256 shares of the company's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 2,443 shares in the company, valued at $1,067,615.43. The trade was a 9.28 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

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.