Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 27.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,744 shares of the company’s stock after purchasing an additional 379 shares during the period. Gotham Asset Management LLC’s holdings in Casey’s General Stores were worth $691,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CASY. Barclays PLC increased its stake in Casey’s General Stores by 110.5% during the 3rd quarter. Barclays PLC now owns 22,487 shares of the company’s stock worth $8,450,000 after buying an additional 11,802 shares during the period. JPMorgan Chase & Co. increased its position in shares of Casey’s General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after acquiring an additional 119,350 shares during the period. Park Avenue Securities LLC increased its position in shares of Casey’s General Stores by 29.3% during the fourth quarter. Park Avenue Securities LLC now owns 1,577 shares of the company’s stock worth $625,000 after acquiring an additional 357 shares during the period. HB Wealth Management LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at $251,000. Finally, Smith Salley Wealth Management boosted its holdings in Casey’s General Stores by 1.9% in the fourth quarter. Smith Salley Wealth Management now owns 29,783 shares of the company’s stock valued at $11,801,000 after purchasing an additional 548 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 3.1%

Shares of Casey’s General Stores stock opened at $456.15 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The company has a fifty day simple moving average of $437.09 and a 200-day simple moving average of $420.03. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 2.40 and a beta of 0.70. Casey’s General Stores, Inc. has a 12-month low of $313.89 and a 12-month high of $474.97.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. Casey’s General Stores’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.44%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CASY shares. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. KeyCorp assumed coverage on shares of Casey’s General Stores in a research note on Friday, April 11th. They set an “overweight” rating and a $500.00 target price on the stock. Stephens upgraded shares of Casey’s General Stores to a “strong-buy” rating in a research note on Monday, April 7th. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Evercore ISI increased their price objective on shares of Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.33.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos purchased 256 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the transaction, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now owns 2,443 shares of the company’s stock, valued at approximately $1,067,615.43. This represents a 9.28% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

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.