Casey’s General Stores, Inc. $CASY Stock Holdings Increased by Harbour Investments Inc.

Harbour Investments Inc. increased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 361.9% during the fourth quarter, Holdings Channel reports. The firm owned 5,220 shares of the company’s stock after purchasing an additional 4,090 shares during the period. Harbour Investments Inc.’s holdings in Casey’s General Stores were worth $2,885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Eukles Asset Management raised its holdings in shares of Casey’s General Stores by 1.6% in the 4th quarter. Eukles Asset Management now owns 4,319 shares of the company’s stock worth $2,387,000 after purchasing an additional 66 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of Casey’s General Stores by 46.3% in the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company’s stock worth $98,000 after purchasing an additional 56 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of Casey’s General Stores by 15.9% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,732 shares of the company’s stock worth $957,000 after purchasing an additional 238 shares in the last quarter. Buckhead Capital Management LLC raised its holdings in shares of Casey’s General Stores by 0.6% in the 4th quarter. Buckhead Capital Management LLC now owns 8,799 shares of the company’s stock worth $4,864,000 after purchasing an additional 49 shares in the last quarter. Finally, MQS Management LLC purchased a new position in shares of Casey’s General Stores in the fourth quarter worth approximately $334,000. 85.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mike Spanos acquired 300 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the transaction, the insider directly owned 4,039 shares in the company, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. The Goldman Sachs Group boosted their price target on shares of Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Stephens restated an “overweight” rating and set a $680.00 price target on shares of Casey’s General Stores in a report on Tuesday, March 10th. UBS Group boosted their price target on shares of Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Finally, KeyCorp boosted their price target on shares of Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $752.36.

Casey’s General Stores Stock Down 3.1%

CASY stock opened at $784.38 on Thursday. Casey’s General Stores, Inc. has a 52-week low of $433.16 and a 52-week high of $901.00. The company’s 50 day simple moving average is $776.77 and its 200-day simple moving average is $665.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The firm has a market capitalization of $28.99 billion, a P/E ratio of 45.03, a P/E/G ratio of 2.24 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts anticipate that Casey’s General Stores, Inc. will post 18.19 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s payout ratio is presently 13.09%.

Casey’s General Stores Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.