Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Stevens Capital Management LP

Stevens Capital Management LP increased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 47.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,345 shares of the company’s stock after purchasing an additional 430 shares during the quarter. Stevens Capital Management LP’s holdings in Casey’s General Stores were worth $370,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. LexAurum Advisors LLC lifted its stake in Casey’s General Stores by 3.1% in the 4th quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock valued at $362,000 after buying an additional 40 shares in the last quarter. Signaturefd LLC lifted its position in shares of Casey’s General Stores by 12.8% in the third quarter. Signaturefd LLC now owns 387 shares of the company’s stock valued at $105,000 after acquiring an additional 44 shares in the last quarter. Savant Capital LLC lifted its position in shares of Casey’s General Stores by 5.0% in the third quarter. Savant Capital LLC now owns 974 shares of the company’s stock valued at $264,000 after acquiring an additional 46 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Casey’s General Stores by 5.0% in the fourth quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock worth $284,000 after acquiring an additional 49 shares during the last quarter. Finally, Portside Wealth Group LLC increased its position in shares of Casey’s General Stores by 4.7% during the third quarter. Portside Wealth Group LLC now owns 1,155 shares of the company’s stock worth $315,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 0.7 %

Shares of CASY stock traded up $2.25 during trading on Friday, hitting $320.03. 229,668 shares of the stock traded hands, compared to its average volume of 279,288. Casey’s General Stores, Inc. has a 52-week low of $212.50 and a 52-week high of $324.40. The firm has a market capitalization of $11.85 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 2.53 and a beta of 0.83. The firm’s fifty day moving average price is $307.35 and its 200-day moving average price is $287.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.36 earnings per share. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio is presently 13.67%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Evercore ISI decreased their price objective on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. BMO Capital Markets upped their price objective on shares of Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Wells Fargo & Company raised their target price on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Finally, Benchmark restated a “buy” rating and issued a $312.00 price target on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.