1,015 Shares in Casey’s General Stores, Inc. $CASY Acquired by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,015 shares of the company’s stock, valued at approximately $561,000.

Other institutional investors and hedge funds have also modified their holdings of the company. North Dakota State Investment Board purchased a new stake in Casey’s General Stores in the 4th quarter valued at approximately $720,000. Advisors Capital Management LLC lifted its stake in Casey’s General Stores by 4.4% in the 3rd quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock valued at $27,336,000 after buying an additional 2,026 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in Casey’s General Stores in the 4th quarter valued at approximately $1,338,000. Thrivent Financial for Lutherans lifted its stake in Casey’s General Stores by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock valued at $108,065,000 after buying an additional 1,950 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in Casey’s General Stores by 61.6% in the 3rd quarter. GSA Capital Partners LLP now owns 2,572 shares of the company’s stock valued at $1,454,000 after buying an additional 980 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CASY shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $700.00 target price on shares of Casey’s General Stores in a research note on Wednesday, March 4th. Royal Bank Of Canada upped their target price on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. JPMorgan Chase & Co. assumed coverage on Casey’s General Stores in a research note on Thursday, March 26th. They set a “neutral” rating and a $719.00 price target on the stock. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group increased their price target on Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $752.36.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos bought 300 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the purchase, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of Casey’s General Stores stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Stock Down 1.8%

Shares of NASDAQ CASY opened at $767.14 on Friday. Casey’s General Stores, Inc. has a 12-month low of $433.16 and a 12-month high of $901.00. The company has a market cap of $28.35 billion, a P/E ratio of 44.04, a P/E/G ratio of 2.16 and a beta of 0.65. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $780.50 and a 200 day moving average price of $667.59.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $2.33 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Research analysts anticipate that Casey’s General Stores, Inc. will post 18.19 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.57 per share. The ex-dividend date was Friday, May 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.09%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.