Eukles Asset Management Sells 43 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Eukles Asset Management reduced its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,229 shares of the company’s stock after selling 43 shares during the quarter. Eukles Asset Management’s holdings in Casey’s General Stores were worth $1,676,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. YANKCOM Partnership purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. bought a new position in Casey’s General Stores during the fourth quarter valued at $36,000. Venturi Wealth Management LLC increased its stake in Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares during the last quarter. V Square Quantitative Management LLC lifted its position in Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted 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 worth $59,000 after purchasing an additional 29 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on shares of 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. Deutsche Bank Aktiengesellschaft boosted their target price on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Gordon Haskett assumed coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 target price on the stock. 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos acquired 500 shares of the stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now owns 3,097 shares of the company’s stock, valued at approximately $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 company insiders.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $426.82 on Monday. The stock has a market capitalization of $15.84 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83. The stock’s 50-day moving average price is $408.73 and its 200-day moving average price is $393.64. 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, Inc. has a 52 week low of $275.27 and a 52 week high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The business 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 company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $4.24 earnings per share. As a group, equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 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.