Hantz Financial Services Inc. reduced its stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 11.6% during the fourth quarter, HoldingsChannel reports. The firm owned 15,960 shares of the company’s stock after selling 2,088 shares during the quarter. Hantz Financial Services Inc.’s holdings in Casey’s General Stores were worth $8,821,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in CASY. Foster Dykema Cabot & Partners LLC acquired a new stake in Casey’s General Stores during the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. boosted its position in Casey’s General Stores by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after buying an additional 23 shares during the period. Central Pacific Bank Trust Division boosted its position in Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares during the period. True Wealth Design LLC boosted its position in Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in Casey’s General Stores during the 3rd quarter worth approximately $33,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Royal Bank Of Canada boosted their price target on shares of Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $725.00 to $745.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 10th. Stephens reiterated an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Finally, Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $737.36.
Insider Activity
In related news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mike Spanos purchased 300 shares of Casey’s General Stores stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This trade represents a 7.14% increase in their position. The SEC filing for this purchase provides additional information. 0.54% of the stock is currently owned by corporate insiders.
Casey’s General Stores Stock Performance
NASDAQ CASY opened at $825.02 on Monday. Casey’s General Stores, Inc. has a 1 year low of $433.16 and a 1 year high of $901.00. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The firm has a market cap of $30.49 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 2.28 and a beta of 0.65. The company has a fifty day moving average price of $768.55 and a 200-day moving average price of $659.18.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.33 earnings per share. As a group, equities research analysts predict that Casey’s General Stores, Inc. will post 18.19 EPS for the current fiscal year.
Casey’s General Stores Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.57 per share. The ex-dividend date was Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 13.09%.
Casey’s General Stores Profile
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.
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