Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Torray Investment Partners LLC

Torray Investment Partners LLC increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,639 shares of the company’s stock after purchasing an additional 366 shares during the period. Torray Investment Partners LLC owned approximately 0.05% of Casey’s General Stores worth $7,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CASY. FMR LLC lifted its holdings in shares of Casey’s General Stores by 3.8% in the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after buying an additional 38,226 shares during the period. JPMorgan Chase & Co. raised its position in Casey’s General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after acquiring an additional 119,350 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Casey’s General Stores by 1.3% in the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock valued at $246,335,000 after acquiring an additional 8,428 shares during the period. Franklin Resources Inc. boosted its position in Casey’s General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after purchasing an additional 174,586 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Casey’s General Stores by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 340,231 shares of the company’s stock worth $134,810,000 after purchasing an additional 3,321 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction dated 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 owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 purchased at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now owns 3,097 shares of the company’s stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CASY. Royal Bank of Canada boosted their target price 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. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets restated a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Stock Down 1.5 %

Shares of CASY opened at $408.00 on Tuesday. The stock has a 50 day moving average price of $410.53 and a 200 day moving average price of $398.82. 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 quick ratio of 0.49 and a current ratio of 0.88. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.40 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The business had revenue of $3.95 billion during 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 company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $4.24 earnings per share. Equities research analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

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.