Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,608 shares of the company’s stock after selling 821 shares during the period. Leeward Investments LLC MA owned about 0.08% of Casey’s General Stores worth $8,409,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LexAurum Advisors LLC lifted its position in shares of Casey’s General Stores by 3.1% during the 4th quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock valued at $362,000 after acquiring an additional 40 shares during the period. Signaturefd LLC lifted its position in shares of Casey’s General Stores by 12.8% during the 3rd quarter. Signaturefd LLC now owns 387 shares of the company’s stock valued at $105,000 after acquiring an additional 44 shares during the period. Savant Capital LLC lifted its position in shares of Casey’s General Stores by 5.0% during the 3rd quarter. Savant Capital LLC now owns 974 shares of the company’s stock valued at $264,000 after acquiring an additional 46 shares during the period. Raymond James Trust N.A. lifted its position in shares of Casey’s General Stores by 5.0% during the 4th quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock valued at $284,000 after acquiring an additional 49 shares during the period. Finally, Portside Wealth Group LLC lifted its position in shares of Casey’s General Stores by 4.7% during the 3rd quarter. Portside Wealth Group LLC now owns 1,155 shares of the company’s stock valued at $315,000 after acquiring an additional 52 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. BMO Capital Markets upped their target price on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Evercore ISI reduced their target price on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $312.00 target price on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.63.

Casey’s General Stores Trading Up 0.7 %

Shares of Casey’s General Stores stock traded up $2.25 during trading hours on Friday, reaching $320.03. 229,668 shares of the company’s stock were exchanged, compared to its average volume of 279,288. Casey’s General Stores, Inc. has a 52-week low of $212.50 and a 52-week high of $324.40. The firm has a market capitalization of $11.85 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 2.53 and a beta of 0.83. The company has a fifty day moving average of $307.99 and a 200-day moving average of $287.60. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the company posted $2.36 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.54%. Casey’s General Stores’s payout ratio is 13.67%.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.