IFP Advisors Inc Increases Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

IFP Advisors Inc increased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 121.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 367 shares of the company’s stock after acquiring an additional 201 shares during the period. IFP Advisors Inc’s holdings in Casey’s General Stores were worth $151,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new position in Casey’s General Stores in the 4th quarter worth approximately $34,000. Endeavor Private Wealth Inc. purchased a new position in Casey’s General Stores in the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC raised its holdings in Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Casey’s General Stores in the 4th quarter worth approximately $79,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares of the company’s stock, valued at $959,761.11. This represents a 16.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos acquired 500 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Trading Down 1.5 %

NASDAQ:CASY opened at $408.00 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. Casey’s General Stores, Inc. has a one year low of $290.00 and a one year high of $445.17. The business has a fifty day moving average price of $410.53 and a 200-day moving average price of $398.82.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.24 EPS. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.