Casey’s General Stores, Inc. (NASDAQ:CASY) Position Increased by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,219 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Zions Bancorporation N.A.’s holdings in Casey’s General Stores were worth $2,860,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in shares of Casey’s General Stores during the 4th quarter valued at $34,000. Endeavor Private Wealth Inc. bought a new position in Casey’s General Stores during the fourth quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB raised its holdings in Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after buying an additional 29 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Casey’s General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after acquiring an additional 52 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI decreased their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $423.09.

Casey’s General Stores Stock Up 1.2 %

NASDAQ CASY opened at $417.42 on Wednesday. Casey’s General Stores, Inc. has a twelve month low of $306.45 and a twelve month high of $445.17. The stock has a market cap of $15.49 billion, a PE ratio of 29.09, a PEG ratio of 2.40 and a beta of 0.87. The firm has a 50-day simple moving average of $411.05 and a 200 day simple moving average of $401.98. 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 (NASDAQ:CASY) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey’s General Stores’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business earned $2.33 earnings per share. On average, research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s payout ratio is 13.94%.

Insider Activity

In related news, Director Mike Spanos acquired 256 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

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.