Xponance Inc. Sells 64 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Xponance Inc. lowered its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,003 shares of the company’s stock after selling 64 shares during the period. Xponance Inc.’s holdings in Casey’s General Stores were worth $1,375,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CASY. BKM Wealth Management LLC purchased a new position in shares of Casey’s General Stores during the 4th quarter worth about $29,000. McGlone Suttner Wealth Management Inc. bought a new position in Casey’s General Stores during the 4th quarter worth about $36,000. Harvest Fund Management Co. Ltd bought a new position in shares of Casey’s General Stores during the third quarter valued at approximately $38,000. Pinnacle Bancorp Inc. boosted its position in Casey’s General Stores by 44.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 144 shares of the company’s stock valued at $39,000 after acquiring an additional 44 shares in the last quarter. Finally, Milestone Investment Advisors LLC purchased a new position in shares of Casey’s General Stores in the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $315.64 on Thursday. 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’s 50 day simple moving average is $306.71 and its 200-day simple moving average is $287.05. Casey’s General Stores, Inc. has a 12 month low of $212.50 and a 12 month high of $324.40. The stock has a market capitalization of $11.68 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.51 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.36 earnings per share. Analysts expect that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.43 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.54%. Casey’s General Stores’s payout ratio is 13.67%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CASY. Evercore ISI reduced their price objective on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. BMO Capital Markets upped 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 note on Wednesday, March 13th. Benchmark restated a “buy” rating and issued a $312.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Wells Fargo & Company lifted their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Finally, StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $312.63.

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.