Driehaus Capital Management LLC Sells 71 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Driehaus Capital Management LLC trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,684 shares of the company’s stock after selling 71 shares during the quarter. Driehaus Capital Management LLC’s holdings in Casey’s General Stores were worth $667,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new stake in Casey’s General Stores in the fourth quarter valued at approximately $34,000. Endeavor Private Wealth Inc. acquired a new position in shares of Casey’s General Stores during the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its stake in 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 acquiring an additional 29 shares during the period. Heck Capital Advisors LLC acquired a new stake in Casey’s General Stores during the 4th quarter valued at $79,000. Finally, V Square Quantitative Management LLC boosted its position 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 purchasing an additional 52 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 topic of several research analyst reports. Evercore ISI increased their price objective on shares of 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 price target on shares of Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. Stephens upgraded Casey’s General Stores to a “strong-buy” rating in a report on Monday, April 7th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.33.

Casey’s General Stores Stock Down 1.3 %

CASY stock opened at $446.68 on Friday. Casey’s General Stores, Inc. has a 52 week low of $313.89 and a 52 week high of $474.97. The business has a 50-day simple moving average of $432.29 and a 200 day simple moving average of $418.29. 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 cap of $16.58 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 2.40 and a beta of 0.70.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.33 EPS. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 0.45%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Insider Activity

In other news, insider Katrina S. Lindsey sold 250 shares of the firm’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 value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos acquired 256 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

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.