Cozad Asset Management Inc. Increases Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Cozad Asset Management Inc. raised its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 780 shares of the company’s stock after purchasing an additional 39 shares during the quarter. Cozad Asset Management Inc.’s holdings in Casey’s General Stores were worth $309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Soros Capital Management LLC grew its stake in shares of Casey’s General Stores by 1,825.6% in the 3rd quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after purchasing an additional 26,197 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Casey’s General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after purchasing an additional 3,065 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Casey’s General Stores by 9.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after buying an additional 1,332 shares in the last quarter. JLB & Associates Inc. boosted its stake in shares of Casey’s General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after buying an additional 749 shares in the last quarter. Finally, South Dakota Investment Council boosted its stake in shares of Casey’s General Stores by 28.0% in the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock valued at $3,988,000 after buying an additional 2,200 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CASY has been the topic of a number of analyst reports. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. Evercore ISI decreased their price target on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets restated 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $423.09.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos purchased 256 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $386.89 on Wednesday. Casey’s General Stores, Inc. has a fifty-two week low of $306.42 and a fifty-two week high of $445.17. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The business has a fifty day moving average of $409.53 and a 200-day moving average of $400.54. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.52%. Casey’s General Stores’s dividend payout ratio (DPR) 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.