Bailard Inc. Increases Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Bailard Inc. lifted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,900 shares of the company’s stock after purchasing an additional 68 shares during the period. Bailard Inc.’s holdings in Casey’s General Stores were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CASY. Williamson Legacy Group LLC purchased a new position in Casey’s General Stores in the 4th quarter valued at about $318,000. Private Trust Co. NA lifted its stake in Casey’s General Stores by 2.4% in the 4th quarter. Private Trust Co. NA now owns 2,122 shares of the company’s stock valued at $841,000 after buying an additional 50 shares in the last quarter. Verus Capital Partners LLC lifted its stake in Casey’s General Stores by 4.5% in the 4th quarter. Verus Capital Partners LLC now owns 1,036 shares of the company’s stock valued at $410,000 after buying an additional 45 shares in the last quarter. Prosperitas Financial LLC lifted its stake in Casey’s General Stores by 4.3% in the 4th quarter. Prosperitas Financial LLC now owns 7,237 shares of the company’s stock valued at $2,867,000 after buying an additional 301 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Casey’s General Stores by 66.6% in the 4th quarter. QRG Capital Management Inc. now owns 928 shares of the company’s stock valued at $368,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 1.5 %

Shares of NASDAQ CASY opened at $408.00 on Tuesday. The company has a 50 day simple moving average of $410.53 and a 200-day simple moving average of $398.82. The company has a market capitalization of $15.14 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.40 and a beta of 0.83. 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, Inc. has a 1 year low of $290.00 and a 1 year high of $445.17.

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. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the firm earned $4.24 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.49%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 500 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of the firm’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 transaction of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This 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 insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised 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. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised their price target 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 increased their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores 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.