Hunter Perkins Capital Management LLC Sells 2,549 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Hunter Perkins Capital Management LLC cut its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.8% in the fourth quarter, HoldingsChannel reports. The fund owned 64,480 shares of the company’s stock after selling 2,549 shares during the period. Casey’s General Stores accounts for approximately 5.4% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Hunter Perkins Capital Management LLC’s holdings in Casey’s General Stores were worth $25,549,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. KBC Group NV grew its position in Casey’s General Stores by 45.5% during the fourth quarter. KBC Group NV now owns 1,375 shares of the company’s stock valued at $545,000 after buying an additional 430 shares during the period. Blue Trust Inc. raised its position in shares of Casey’s General Stores by 35.6% in the fourth quarter. Blue Trust Inc. now owns 769 shares of the company’s stock worth $289,000 after acquiring an additional 202 shares during the period. Legacy Financial Group LLC purchased a new position in shares of Casey’s General Stores in the 4th quarter valued at about $3,526,000. Applied Capital LLC FL increased its stake in shares of Casey’s General Stores by 12.5% in the 4th quarter. Applied Capital LLC FL now owns 631 shares of the company’s stock valued at $250,000 after purchasing an additional 70 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Casey’s General Stores in the 4th quarter worth about $225,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction that occurred on 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 approximately $959,761.11. This trade represents a 16.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos bought 500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price 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 $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

CASY has been the topic of several research analyst reports. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Royal Bank of Canada lifted their price target 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. Deutsche Bank Aktiengesellschaft upped 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 research report on Wednesday, November 6th. Evercore ISI lifted their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Gordon Haskett assumed coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 target price for the company. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Stock Up 0.8 %

NASDAQ CASY opened at $411.25 on Monday. The business’s fifty day simple moving average is $407.89 and its 200-day simple moving average is $390.44. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm has a market cap of $15.27 billion, a PE ratio of 28.66, a P/E/G ratio of 2.29 and a beta of 0.82. Casey’s General Stores, Inc. has a 52 week low of $268.07 and a 52 week high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion for 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 was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.24 EPS. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.49%. Casey’s General Stores’s payout ratio is 13.94%.

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.