Buckhead Capital Management LLC Has $4.67 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Buckhead Capital Management LLC cut its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,776 shares of the company’s stock after selling 78 shares during the period. Buckhead Capital Management LLC’s holdings in Casey’s General Stores were worth $4,666,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CASY. Soros Capital Management LLC grew its stake in shares of Casey’s General Stores by 1,825.6% in the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after buying an additional 26,197 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Casey’s General Stores by 9.9% in the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company’s stock valued at $5,532,000 after acquiring an additional 1,332 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Casey’s General Stores in the 4th quarter valued at about $369,000. Lord Abbett & CO. LLC acquired a new position in shares of Casey’s General Stores during the 3rd quarter worth about $23,294,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after purchasing an additional 119,350 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $442.54 on Friday. Casey’s General Stores, Inc. has a 52 week low of $280.05 and a 52 week high of $443.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The firm’s 50-day simple moving average is $409.99 and its 200 day simple moving average is $394.93. The firm has a market cap of $16.43 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 2.48 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 EPS 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 company had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $4.24 earnings per share. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be issued a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.45%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Insider Activity

In related news, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mike Spanos acquired 500 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now 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. Corporate insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CASY. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada boosted their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. BMO Capital Markets restated 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 research note on Wednesday, December 18th. Evercore ISI lifted 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 report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores 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.