Burns J W & Co. Inc. NY Boosts Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Burns J W & Co. Inc. NY boosted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,179 shares of the company’s stock after acquiring an additional 40 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Casey’s General Stores were worth $467,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC boosted its position in Casey’s General Stores by 5.2% in the 2nd quarter. Private Advisor Group LLC now owns 3,604 shares of the company’s stock valued at $1,375,000 after buying an additional 178 shares during the period. Quest Partners LLC acquired a new position in Casey’s General Stores during the 2nd quarter worth $209,000. Ashton Thomas Private Wealth LLC purchased a new stake in Casey’s General Stores during the 2nd quarter worth about $68,000. Choreo LLC acquired a new stake in Casey’s General Stores in the 2nd quarter valued at about $614,000. Finally, American Century Companies Inc. boosted its stake in shares of Casey’s General Stores by 189.1% in the 2nd quarter. American Century Companies Inc. now owns 132,375 shares of the company’s stock valued at $50,509,000 after buying an additional 86,582 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY traded up $6.48 during midday trading on Monday, reaching $392.54. 260,877 shares of the company were exchanged, compared to its average volume of 225,138. The stock has a fifty day simple moving average of $409.53 and a 200 day simple moving average of $388.62. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. The stock has a market cap of $14.57 billion, a P/E ratio of 27.35 and a beta of 0.82. Casey’s General Stores, Inc. has a 1 year low of $268.07 and a 1 year high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $4.24 EPS. On average, research analysts forecast that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

CASY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Finally, BMO Capital Markets restated a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Profile

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.