Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,377 shares of the company’s stock after buying an additional 1,329 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Casey’s General Stores were worth $5,300,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Casey’s General Stores in the 4th quarter worth $34,000. Endeavor Private Wealth Inc. acquired a new position in shares of Casey’s General Stores in the 4th quarter worth $36,000. Venturi Wealth Management LLC grew its holdings in shares of 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 acquiring an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new position in shares of Casey’s General Stores in the 3rd quarter worth $76,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Casey’s General Stores

In related news, Director Mike Spanos purchased 500 shares of Casey’s General Stores stock in a transaction on Monday, December 23rd. The stock was bought 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 directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $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 Upgrades and Downgrades

CASY has been the topic of a number of research analyst reports. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI lifted their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. BMO Capital Markets reiterated 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 report on Wednesday, December 18th. Finally, Royal Bank of Canada lifted their price target on 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Price Performance

CASY opened at $395.30 on Friday. The stock has a market cap of $14.67 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 1 year low of $290.00 and a 1 year high of $445.17. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average price of $410.64 and a 200 day moving average price of $399.06.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.24 earnings per share. Analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

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.