Stonebridge Financial Group LLC Acquires New Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Stonebridge Financial Group LLC acquired a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 512 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds also recently added to or reduced their stakes in CASY. YANKCOM Partnership acquired a new stake in shares of Casey’s General Stores in the 4th quarter worth approximately $34,000. Endeavor Private Wealth Inc. purchased a new stake in Casey’s General Stores during the fourth quarter worth $36,000. Venturi Wealth Management LLC grew its holdings in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased 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 valued at $59,000 after buying an additional 29 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of Casey’s General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Casey’s General Stores

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

Analyst Ratings Changes

A number of equities research analysts recently commented on CASY shares. Royal Bank of Canada increased their price objective on shares of 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. BMO Capital Markets reaffirmed 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. Evercore ISI raised their price objective on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $427.55 on Wednesday. The business’s 50-day moving average price is $409.15 and its 200 day moving average price is $394.31. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a twelve month low of $279.99 and a twelve month high of $439.68. The company has a market capitalization of $15.87 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period in the prior year, the firm posted $4.24 EPS. The company’s revenue was down 2.9% on a year-over-year basis. On average, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

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.