Park Place Capital Corp Sells 27 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Park Place Capital Corp lessened its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 432 shares of the company’s stock after selling 27 shares during the period. Park Place Capital Corp’s holdings in Casey’s General Stores were worth $171,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CASY. Venturi Wealth Management LLC raised its position in shares of Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after buying an additional 113 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings 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 in the last quarter. Quarry LP acquired a new stake in Casey’s General Stores during the second quarter worth $72,000. Finally, Kennebec Savings Bank bought a new stake in Casey’s General Stores in the third quarter valued at about $76,000. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CASY shares. Evercore ISI raised their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. 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 report on Wednesday, December 18th. Royal Bank of Canada raised their price objective 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. Gordon Haskett initiated coverage on Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 target price on the stock. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $424.00.

Insider Buying and Selling

In other news, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction that occurred 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 owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Casey’s General Stores Stock Performance

Shares of NASDAQ:CASY opened at $401.21 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 1-year low of $268.07 and a 1-year high of $439.68. The stock has a market capitalization of $14.89 billion, a P/E ratio of 27.96, a P/E/G ratio of 2.23 and a beta of 0.82. The business has a 50-day moving average price of $407.65 and a two-hundred day moving average price of $389.61.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the previous year, the firm posted $4.24 earnings per share. Casey’s General Stores’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.50%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 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.