Tributary Capital Management LLC Boosts Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Tributary Capital Management LLC lifted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 46.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,391 shares of the company’s stock after acquiring an additional 1,079 shares during the quarter. Tributary Capital Management LLC’s holdings in Casey’s General Stores were worth $1,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CASY. Endeavor Private Wealth Inc. purchased a new stake in Casey’s General Stores during the fourth quarter worth $36,000. Venturi Wealth Management LLC raised its position in shares of 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 in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Casey’s General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. Finally, Quarry LP purchased a new position in Casey’s General Stores in the second quarter valued at about $72,000. 85.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI upped their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Up 0.8 %

Shares of CASY stock opened at $411.25 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey’s General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68. The firm has a market capitalization of $15.27 billion, a PE ratio of 28.66, a P/E/G ratio of 2.29 and a beta of 0.82. The stock’s 50-day simple moving average is $407.89 and its 200-day simple moving average is $390.04.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $4.24 EPS. Equities analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

Casey’s General Stores Company 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.