Foresight Global Investors Inc. Has $1.24 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Foresight Global Investors Inc. decreased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,520 shares of the company’s stock after selling 450 shares during the quarter. Casey’s General Stores makes up about 0.7% of Foresight Global Investors Inc.’s holdings, making the stock its 28th biggest position. Foresight Global Investors Inc.’s holdings in Casey’s General Stores were worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CASY. LexAurum Advisors LLC increased its stake in shares of Casey’s General Stores by 3.1% during the 4th quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock worth $362,000 after purchasing an additional 40 shares during the last quarter. Signaturefd LLC lifted its holdings in Casey’s General Stores by 12.8% in the 3rd quarter. Signaturefd LLC now owns 387 shares of the company’s stock worth $105,000 after purchasing an additional 44 shares during the last quarter. Savant Capital LLC boosted its position in Casey’s General Stores by 5.0% during the third quarter. Savant Capital LLC now owns 974 shares of the company’s stock worth $264,000 after purchasing an additional 46 shares during the period. Raymond James Trust N.A. grew its holdings in Casey’s General Stores by 5.0% during the fourth quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock valued at $284,000 after purchasing an additional 49 shares during the last quarter. Finally, Islay Capital Management LLC raised its position in shares of Casey’s General Stores by 0.9% in the fourth quarter. Islay Capital Management LLC now owns 5,238 shares of the company’s stock valued at $1,439,000 after purchasing an additional 49 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Trading Up 1.5 %

Shares of CASY stock traded up $5.01 during trading hours on Thursday, reaching $332.91. The company had a trading volume of 258,070 shares, compared to its average volume of 281,529. 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, Inc. has a 1-year low of $212.50 and a 1-year high of $333.24. The company has a 50 day moving average of $312.20 and a 200 day moving average of $290.69. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 2.28 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.36 earnings per share. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.52%. Casey’s General Stores’s dividend payout ratio is 13.67%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Benchmark reaffirmed 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. Wells Fargo & Company upped their price target on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Evercore ISI dropped their target price on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, BMO Capital Markets upped their target price 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company 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.