Casey’s General Stores, Inc. $CASY Shares Bought by Applied Capital LLC FL

Applied Capital LLC FL lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 151.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,654 shares of the company’s stock after buying an additional 997 shares during the period. Applied Capital LLC FL’s holdings in Casey’s General Stores were worth $914,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CASY. Cannon Global Investment Management LLC acquired a new position in Casey’s General Stores in the 3rd quarter worth $1,018,000. Advisors Capital Management LLC grew its stake in shares of Casey’s General Stores by 4.4% during the third quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock valued at $27,336,000 after acquiring an additional 2,026 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Casey’s General Stores by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock worth $108,065,000 after acquiring an additional 1,950 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Casey’s General Stores by 82.3% during the third quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock worth $1,456,000 after acquiring an additional 1,162 shares during the last quarter. Finally, Dillon & Associates Inc. lifted its stake in shares of Casey’s General Stores by 25.1% in the third quarter. Dillon & Associates Inc. now owns 25,737 shares of the company’s stock worth $14,541,000 after acquiring an additional 5,161 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Moats Maria Castanon purchased 300 shares of the stock in a transaction dated Monday, January 5th. The stock was acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the transaction, the director owned 803 shares of the company’s stock, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos acquired 300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Price Performance

CASY opened at $737.16 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $666.72 and its 200 day moving average price is $596.63. Casey’s General Stores, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $738.00. The firm has a market cap of $27.25 billion, a price-to-earnings ratio of 42.32, a price-to-earnings-growth ratio of 2.37 and a beta of 0.60.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.Casey’s General Stores’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. As a group, sell-side analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CASY shares. UBS Group lifted their price objective on Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. began coverage on shares of Casey’s General Stores in a research report on Thursday, March 26th. They set a “neutral” rating and a $719.00 price target for the company. Stephens restated an “overweight” rating and issued a $680.00 price target on shares of Casey’s General Stores in a research note on Tuesday, March 10th. KeyCorp reaffirmed an “overweight” rating and issued a $700.00 price target on shares of Casey’s General Stores in a report on Thursday, February 12th. Finally, Northcoast Research lowered shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $700.09.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.