Heck Capital Advisors LLC Purchases Shares of 200 Casey’s General Stores, Inc. (NASDAQ:CASY)

Heck Capital Advisors LLC acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 200 shares of the company’s stock, valued at approximately $79,000.

Several other institutional investors have also recently made changes to their positions in CASY. Crews Bank & Trust purchased a new stake in Casey’s General Stores during the 4th quarter valued at approximately $189,000. Strategic Blueprint LLC bought a new position in shares of Casey’s General Stores during the fourth quarter worth $207,000. Foster Group Inc. grew its stake in Casey’s General Stores by 108.6% during the fourth quarter. Foster Group Inc. now owns 7,200 shares of the company’s stock valued at $2,853,000 after acquiring an additional 3,748 shares in the last quarter. YHB Investment Advisors Inc. increased its holdings in Casey’s General Stores by 7.4% in the 4th quarter. YHB Investment Advisors Inc. now owns 1,886 shares of the company’s stock valued at $747,000 after acquiring an additional 130 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Casey’s General Stores by 31.6% in the 4th quarter. Pacer Advisors Inc. now owns 7,185 shares of the company’s stock worth $2,847,000 after purchasing an additional 1,727 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CASY. Deutsche Bank Aktiengesellschaft raised their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Gordon Haskett initiated coverage on Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective on the stock. Royal Bank of Canada increased their target price on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. Evercore ISI boosted their price target on shares of 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. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One equities 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mike Spanos acquired 500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This trade represents 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 corporate insiders.

Casey’s General Stores Trading Down 0.3 %

Shares of NASDAQ CASY opened at $421.77 on Monday. The business’s 50 day moving average price is $408.41 and its 200-day moving average price is $391.88. The company has a market cap of $15.66 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.39 and a beta of 0.82. 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 $269.35 and a fifty-two week high of $439.68.

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

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.47%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 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.