Tucker Asset Management LLC Trims Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Tucker Asset Management LLC trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127 shares of the company’s stock after selling 27 shares during the quarter. Tucker Asset Management LLC’s holdings in Casey’s General Stores were worth $50,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. YANKCOM Partnership purchased a new stake in Casey’s General Stores in the fourth quarter worth about $34,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Casey’s General Stores in the 4th quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Casey’s General Stores during the fourth quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC increased its holdings in Casey’s General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after buying an additional 52 shares during the period. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI cut their target price on 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. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Finally, Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $423.09.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $432.00 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.40 and a beta of 0.87. The firm’s 50 day simple moving average is $413.35 and its 200-day simple moving average is $402.99. 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 released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business earned $2.33 earnings per share. Analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Insiders Place Their Bets

In related news, Director Mike Spanos acquired 256 shares of Casey’s General Stores stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by company insiders.

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.