Townsquare Capital LLC Grows Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Townsquare Capital LLC increased its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,202 shares of the company's stock after purchasing an additional 1,069 shares during the quarter. Townsquare Capital LLC's holdings in Casey's General Stores were worth $7,213,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. YANKCOM Partnership purchased a new position in Casey's General Stores in the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. purchased a new stake in Casey's General Stores in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised its position 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 worth $59,000 after buying an additional 29 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Casey's General Stores in the fourth quarter valued at about $79,000. Finally, V Square Quantitative Management LLC grew its holdings in Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock worth $83,000 after acquiring an additional 52 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Casey's General Stores

In other news, Director Mike Spanos acquired 256 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The transaction 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 Casey's General Stores stock in a transaction 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 transaction, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Up 0.6 %

Shares of NASDAQ CASY traded up $2.74 during mid-day trading on Friday, reaching $460.07. 365,373 shares of the company's stock were exchanged, compared to its average volume of 284,273. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.40 and a beta of 0.74. The business has a fifty day simple moving average of $420.81 and a 200 day simple moving average of $409.90. Casey's General Stores, Inc. has a twelve month low of $307.01 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.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.74 billion. During the same quarter in the previous year, the business posted $2.33 earnings per share. Casey's General Stores's quarterly revenue was up 17.2% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid 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 of this dividend is Thursday, May 1st. Casey's General Stores's dividend payout ratio is currently 13.94%.

Wall Street Analysts Forecast Growth

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