Williamson Legacy Group LLC Buys Shares of 802 Casey’s General Stores, Inc. (NASDAQ:CASY)

Williamson Legacy Group LLC bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 802 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new stake in shares of Casey’s General Stores during the 4th quarter valued at approximately $34,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Casey’s General Stores during the 4th quarter valued at approximately $36,000. Venturi Wealth Management LLC lifted its stake in shares of Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after buying an additional 113 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after buying an additional 29 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 4th quarter valued at approximately $79,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $414.21 on Friday. The company’s fifty day moving average price is $410.37 and its 200-day moving average price is $398.17. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 2.40 and a beta of 0.83. Casey’s General Stores, Inc. has a one year low of $290.00 and a one year high of $445.17. 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 (NASDAQ:CASY) last issued 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 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%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.24 EPS. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 500 shares of Casey’s General Stores stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average price of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the 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 transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

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

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.