Security National Bank Invests $97,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Security National Bank purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 353 shares of the company’s stock, valued at approximately $97,000.

A number of other institutional investors have also recently made changes to their positions in the company. Waterloo Capital L.P. acquired a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $760,000. AdvisorShares Investments LLC boosted its stake in shares of Casey’s General Stores by 9.3% in the fourth quarter. AdvisorShares Investments LLC now owns 469 shares of the company’s stock worth $129,000 after acquiring an additional 40 shares during the last quarter. Azimuth Capital Investment Management LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $8,498,000. Epoch Investment Partners Inc. boosted its stake in shares of Casey’s General Stores by 52.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 212,276 shares of the company’s stock worth $58,321,000 after acquiring an additional 72,777 shares during the last quarter. Finally, Morningstar Investment Services LLC acquired a new position in Casey’s General Stores during the fourth quarter worth $812,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Up 0.5 %

CASY stock traded up $1.75 during mid-day trading on Friday, reaching $328.63. The company had a trading volume of 235,127 shares, compared to its average volume of 243,164. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.37 and a beta of 0.83. The firm has a fifty day simple moving average of $323.63 and a 200 day simple moving average of $299.72. Casey’s General Stores, Inc. has a fifty-two week low of $215.17 and a fifty-two week high of $344.61.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The company 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%. Casey’s General Stores’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company earned $2.36 EPS. Analysts forecast that Casey’s General Stores, Inc. will post 12.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Benchmark reissued a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Wells Fargo & Company boosted their price objective on 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. BMO Capital Markets boosted their price objective on Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Evercore ISI lowered their price objective on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s 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 $324.75.

View Our Latest Stock Analysis on Casey’s General Stores

Casey’s General Stores Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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