Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 73.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,370 shares of the company’s stock after purchasing an additional 2,693 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Casey’s General Stores were worth $1,745,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in Casey’s General Stores in the 4th quarter valued at approximately $29,000. Money Concepts Capital Corp boosted its position in Casey’s General Stores by 62.7% in the 4th quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock valued at $27,000 after buying an additional 47 shares during the period. Sunbelt Securities Inc. boosted its position in Casey’s General Stores by 46.6% in the 2nd quarter. Sunbelt Securities Inc. now owns 129 shares of the company’s stock valued at $31,000 after buying an additional 41 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new position in Casey’s General Stores in the 4th quarter valued at approximately $36,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Casey’s General Stores in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $310.06 on Friday. The company’s fifty day moving average price is $301.69 and its 200 day moving average price is $284.82. Casey’s General Stores, Inc. has a 12 month low of $212.50 and a 12 month high of $324.40. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. The firm has a market capitalization of $11.48 billion, a P/E ratio of 24.65, a P/E/G ratio of 2.48 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the business earned $2.36 EPS. Casey’s General Stores’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.43 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.55%. Casey’s General Stores’s dividend payout ratio is currently 13.67%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. BMO Capital Markets raised their price target on shares of Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Evercore ISI decreased their price objective on shares of Casey’s General Stores from $355.00 to $350.00 and set an “outperform” rating for the company in a research report on Tuesday, April 2nd. Finally, Benchmark reaffirmed a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $308.44.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.