512 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 512 shares of the company’s stock, valued at approximately $203,000.

Several other large investors also recently bought and sold shares of the company. YANKCOM Partnership purchased a new position in shares of Casey’s General Stores in the fourth quarter valued at $34,000. Endeavor Private Wealth Inc. purchased a new stake in Casey’s General Stores during the 4th quarter worth $36,000. Venturi Wealth Management LLC lifted its holdings in Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after buying an additional 113 shares in the last quarter. V Square Quantitative Management LLC boosted its position in 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 valued at $59,000 after buying an additional 29 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 1.1 %

CASY stock opened at $427.55 on Wednesday. The firm has a market cap of $15.87 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.48 and a beta of 0.83. Casey’s General Stores, Inc. has a 1-year low of $279.99 and a 1-year high of $439.68. The firm has a fifty day moving average price of $409.15 and a two-hundred day moving average price of $394.31. 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 announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating 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 quarter in the prior year, the firm earned $4.24 EPS. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Monday. Evercore ISI increased their target price on 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 reissued a “market perform” rating and set 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 upped their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Finally, Gordon Haskett initiated coverage on shares of Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

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.