EntryPoint Capital LLC Acquires Shares of 726 Casey’s General Stores, Inc. (NASDAQ:CASY)

EntryPoint Capital LLC bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 726 shares of the company’s stock, valued at approximately $288,000.

Other hedge funds have also modified their holdings of the company. Segall Bryant & Hamill LLC lifted its holdings in Casey’s General Stores by 9.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock worth $21,131,000 after buying an additional 4,458 shares in the last quarter. Dillon & Associates Inc. raised its position in shares of Casey’s General Stores by 505.5% during the fourth quarter. Dillon & Associates Inc. now owns 9,283 shares of the company’s stock worth $3,676,000 after acquiring an additional 7,750 shares during the last quarter. Cannon Global Investment Management LLC bought a new position in Casey’s General Stores in the fourth quarter valued at about $951,000. Vanguard Group Inc. increased its position in Casey’s General Stores by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company’s stock worth $1,505,319,000 after purchasing an additional 44,295 shares during the period. Finally, Stevens Capital Management LP bought a new stake in Casey’s General Stores during the 4th quarter worth about $307,000. 85.63% of the stock is owned by institutional investors.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Trading Up 1.1 %

CASY opened at $430.69 on Friday. The firm’s fifty day simple moving average is $412.54 and its 200 day simple moving average is $402.34. The stock has a market capitalization of $15.99 billion, a P/E ratio of 30.01, a P/E/G ratio of 2.40 and a beta of 0.87. 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 12 month low of $306.45 and a 12 month high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the prior year, the firm earned $2.33 earnings per share. Casey’s General Stores’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Evercore ISI reduced their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $423.09.

About Casey’s General Stores

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.