Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Rip Road Capital Partners LP

Rip Road Capital Partners LP raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 65.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,666 shares of the company’s stock after acquiring an additional 5,800 shares during the quarter. Casey’s General Stores makes up about 4.9% of Rip Road Capital Partners LP’s holdings, making the stock its 11th biggest holding. Rip Road Capital Partners LP’s holdings in Casey’s General Stores were worth $5,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC lifted its position in shares of Casey’s General Stores by 1.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock worth $628,000 after purchasing an additional 25 shares during the last quarter. Dark Forest Capital Management LP raised its stake in Casey’s General Stores by 3.2% in the fourth quarter. Dark Forest Capital Management LP now owns 902 shares of the company’s stock valued at $357,000 after buying an additional 28 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 worth $59,000 after buying an additional 29 shares during the last quarter. Harbour Investments Inc. lifted its holdings in Casey’s General Stores by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company’s stock worth $397,000 after buying an additional 30 shares during the last quarter. Finally, Laidlaw Wealth Management LLC boosted its position in shares of Casey’s General Stores by 3.1% during the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock worth $421,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 250 shares of the business’s 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 transaction, the insider now directly owns 2,443 shares of the company’s stock, valued at approximately $1,067,615.43. The trade was a 9.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos bought 256 shares of Casey’s General Stores stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Down 0.4%

Shares of Casey’s General Stores stock opened at $430.86 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market capitalization of $15.99 billion, a P/E ratio of 30.03, a PEG ratio of 2.40 and a beta of 0.70. Casey’s General Stores, Inc. has a 1 year low of $313.89 and a 1 year high of $474.97. The company’s fifty day moving average is $434.32 and its two-hundred day moving average is $419.01.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 earnings per share. Analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.46%. Casey’s General Stores’s payout ratio is 13.94%.

Wall Street Analysts Forecast Growth

CASY has been the topic of several research analyst reports. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. KeyCorp assumed coverage on shares of Casey’s General Stores in a report on Friday, April 11th. They set an “overweight” rating and a $500.00 price objective on the stock. Gordon Haskett upgraded shares of 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 report on Monday, April 7th. Finally, 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 report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $430.33.

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.