Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Accurate Wealth Management LLC

Accurate Wealth Management LLC grew its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 21.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 703 shares of the company’s stock after purchasing an additional 124 shares during the period. Accurate Wealth Management LLC’s holdings in Casey’s General Stores were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CASY. Venturi Wealth Management LLC increased its stake in Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after buying an additional 29 shares during the period. Quarry LP acquired a new position in shares of Casey’s General Stores during the 2nd quarter valued at about $72,000. Kennebec Savings Bank purchased a new position in shares of Casey’s General Stores during the 3rd quarter worth about $76,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Casey’s General Stores in the third quarter worth approximately $118,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. Evercore ISI upped 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. Melius Research assumed coverage on Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Finally, Gordon Haskett assumed coverage on Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $390.98 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 company’s fifty day moving average price is $409.37 and its two-hundred day moving average price is $388.80. The firm has a market capitalization of $14.51 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.20 and a beta of 0.82. Casey’s General Stores, Inc. has a 12 month low of $268.07 and a 12 month high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the firm posted $4.24 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is currently 13.94%.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This trade represents a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mike Spanos acquired 500 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

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.