Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 3,204 shares of the company’s stock after acquiring an additional 101 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Casey’s General Stores were worth $1,270,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Endeavor Private Wealth Inc. acquired a new position in Casey’s General Stores in the 4th quarter valued at $36,000. Venturi Wealth Management LLC grew 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 valued at $47,000 after buying an additional 113 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after buying an additional 29 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew 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 valued at $59,000 after buying an additional 29 shares in the last quarter. Finally, Quarry LP purchased a new stake in Casey’s General Stores in the 2nd quarter valued at $72,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $411.25 on Friday. The business has a 50-day moving average of $407.89 and a 200 day moving average of $390.25. Casey’s General Stores, Inc. has a 12 month low of $268.07 and a 12 month high of $439.68. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same period last year, the business posted $4.24 EPS. Casey’s General Stores’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Buying and Selling at Casey’s General Stores

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

Analysts Set New Price Targets

Several brokerages have issued reports on CASY. Deutsche Bank Aktiengesellschaft upped their target price on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their target price on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Gordon Haskett initiated coverage on Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 target price for the company. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Finally, StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average price target of $424.00.

About Casey’s General Stores

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.