T. Rowe Price Investment Management Inc. Has $703.83 Million Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

T. Rowe Price Investment Management Inc. lifted its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,776,323 shares of the company's stock after purchasing an additional 31,131 shares during the period. T. Rowe Price Investment Management Inc. owned 4.79% of Casey's General Stores worth $703,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HighPoint Advisor Group LLC increased its position in Casey's General Stores by 1.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock valued at $628,000 after acquiring an additional 25 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in Casey's General Stores by 3.2% during the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock worth $357,000 after buying an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Casey's General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after buying an additional 29 shares during the period. Harbour Investments Inc. raised its position in shares of Casey's General Stores by 3.1% during the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after acquiring an additional 30 shares during the last quarter. Finally, Laidlaw Wealth Management LLC lifted its stake in shares of Casey's General Stores by 3.1% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company's stock valued at $421,000 after acquiring an additional 32 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CASY has been the subject of a number of research reports. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Stephens upgraded shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. StockNews.com cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 8th. 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 for the company. Finally, Evercore ISI raised their price target on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.33.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores 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 completion of the sale, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

Casey's General Stores Stock Up 0.3 %

Shares of NASDAQ CASY traded up $1.42 during mid-day trading on Monday, reaching $448.76. 73,983 shares of the company's stock were exchanged, compared to its average volume of 285,589. Casey's General Stores, Inc. has a twelve month low of $313.67 and a twelve month high of $468.88. 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 capitalization of $16.66 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.40 and a beta of 0.74. The business has a fifty day simple moving average of $423.31 and a 200 day simple moving average of $413.61.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey's General Stores's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 EPS. As a group, equities analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.50 dividend. The ex-dividend date 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 is currently 13.94%.

About Casey's General Stores

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.