Prosperitas Financial LLC Has $2.87 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Prosperitas Financial LLC grew its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,237 shares of the company’s stock after purchasing an additional 301 shares during the quarter. Casey’s General Stores comprises approximately 1.5% of Prosperitas Financial LLC’s holdings, making the stock its 25th largest holding. Prosperitas Financial LLC’s holdings in Casey’s General Stores were worth $2,867,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Soros Capital Management LLC increased its position 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 buying an additional 26,197 shares in the last quarter. Sanctuary Advisors LLC increased its position 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 buying an additional 3,065 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Casey’s General Stores by 9.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock worth $5,532,000 after purchasing an additional 1,332 shares in the last quarter. JLB & Associates Inc. increased its holdings in Casey’s General Stores by 1.8% during the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after purchasing an additional 749 shares in the last quarter. Finally, South Dakota Investment Council increased its holdings in Casey’s General Stores by 28.0% during the 4th quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Thursday. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada increased their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Finally, Evercore ISI increased their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Trading Down 1.7 %

Shares of NASDAQ:CASY opened at $409.09 on Friday. Casey’s General Stores, Inc. has a 52-week low of $290.00 and a 52-week high of $445.17. The company has a market capitalization of $15.18 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 2.40 and a beta of 0.83. The company has a 50-day simple moving average of $410.14 and a 200 day simple moving average of $397.87. 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 (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.56. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $4.24 earnings per share. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction 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 sale, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction dated 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 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 position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

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.