567 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC acquired a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 567 shares of the company’s stock, valued at approximately $225,000.

A number of other hedge funds have also made changes to their positions in CASY. International Assets Investment Management LLC acquired a new stake in shares of Casey’s General Stores in the third quarter worth approximately $959,880,000. Franklin Resources Inc. boosted its stake in 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 purchasing an additional 174,586 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in Casey’s General Stores by 1,819.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock worth $48,959,000 after purchasing an additional 123,502 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Casey’s General Stores by 281.4% during the third quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock worth $61,863,000 after buying an additional 121,488 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Casey’s General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after buying an additional 119,350 shares during 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, Director Mike Spanos acquired 500 shares of Casey’s General Stores stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the purchase, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CASY shares. Gordon Haskett initiated coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped 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. BMO Capital Markets reiterated a “market perform” rating and set 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. Royal Bank of Canada upped their target price on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. One investment 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’s stock. According to data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $419.59 on Thursday. The company’s 50 day simple moving average is $408.39 and its 200-day simple moving average is $391.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey’s General Stores, Inc. has a 1 year low of $268.96 and a 1 year high of $439.68. The company has a market capitalization of $15.58 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same quarter in the previous year, the company earned $4.24 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Casey’s General Stores 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.