Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by Arizona State Retirement System

Arizona State Retirement System grew its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,755 shares of the company’s stock after acquiring an additional 69 shares during the quarter. Arizona State Retirement System’s holdings in Casey’s General Stores were worth $4,261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CASY. YANKCOM Partnership acquired a new stake in Casey’s General Stores during the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey’s General Stores during the fourth quarter worth about $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. MassMutual Private Wealth & Trust FSB boosted its position in shares of Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in shares of Casey’s General Stores in the third quarter worth about $76,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Up 0.9 %

CASY opened at $398.73 on Friday. Casey’s General Stores, Inc. has a 12 month low of $290.00 and a 12 month high of $445.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock has a market cap of $14.80 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.40 and a beta of 0.87. The stock’s 50 day moving average price is $410.34 and its 200 day moving average price is $399.31.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore ISI upped 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. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets reissued 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 report on Wednesday, December 18th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Royal Bank of Canada upped their price objective on 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mike Spanos purchased 500 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Casey’s General Stores Company 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.