3,339 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,339 shares of the company’s stock, valued at approximately $1,323,000.

A number of other large investors have also modified their holdings of the company. FMR LLC increased its stake in Casey’s General Stores by 3.8% during the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after buying an additional 38,226 shares during the period. JPMorgan Chase & Co. raised its position in shares of Casey’s General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after buying an additional 119,350 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Casey’s General Stores by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock worth $246,335,000 after buying an additional 8,428 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Casey’s General Stores by 49.9% during the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after buying an additional 174,586 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Casey’s General Stores by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock worth $102,694,000 after buying an additional 702 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In related 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 transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mike Spanos acquired 500 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CASY. StockNews.com upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Tuesday. BMO Capital Markets restated a “market perform” rating and set a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Evercore ISI boosted their price target 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. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $405.59 on Friday. The firm’s 50 day simple moving average is $410.12 and its 200-day simple moving average is $396.69. The company has a market cap of $15.05 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 2.43 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey’s General Stores, Inc. has a fifty-two week low of $288.11 and a fifty-two week high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results 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. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $4.24 earnings per share. As a group, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 17th. Stockholders of record on Monday, February 3rd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is currently 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.