Tributary Capital Management LLC Sells 767 Shares of Casey’s General Stores, Inc. $CASY

Tributary Capital Management LLC trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 30.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,773 shares of the company’s stock after selling 767 shares during the period. Tributary Capital Management LLC’s holdings in Casey’s General Stores were worth $980,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Casey’s General Stores during the 3rd quarter worth $25,000. Westside Investment Management Inc. lifted its stake in Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 23 shares during the last quarter. True Wealth Design LLC increased its position in shares of Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Central Pacific Bank Trust Division increased its position in shares of Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Casey’s General Stores in the third quarter valued at about $33,000. 85.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Mike Spanos acquired 300 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the transaction, the director directly owned 4,499 shares in the company, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the transaction, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CASY. Wall Street Zen cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Jefferies Financial Group boosted their price target on shares of Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. KeyCorp reiterated an “overweight” rating and set a $700.00 price target on shares of Casey’s General Stores in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group boosted their price target on shares of Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $700.09.

Casey’s General Stores Trading Up 2.4%

Shares of NASDAQ CASY opened at $754.72 on Friday. The firm’s 50 day moving average price is $694.71 and its 200-day moving average price is $612.81. The company has a market cap of $27.89 billion, a PE ratio of 43.32, a P/E/G ratio of 2.40 and a beta of 0.61. Casey’s General Stores, Inc. has a 52-week low of $430.00 and a 52-week high of $774.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 earnings per share. On average, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is 13.09%.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.