Islay Capital Management LLC Has $2.26 Million Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Islay Capital Management LLC grew its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,708 shares of the company’s stock after purchasing an additional 203 shares during the quarter. Casey’s General Stores comprises about 1.6% of Islay Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Islay Capital Management LLC’s holdings in Casey’s General Stores were worth $2,262,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. YANKCOM Partnership acquired a new position in Casey’s General Stores during the 4th quarter worth about $34,000. Endeavor Private Wealth Inc. acquired a new position in shares of Casey’s General Stores during the fourth quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Casey’s General Stores by 24.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Casey’s General Stores in the 4th quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC lifted its holdings in 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 buying an additional 52 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the subject of a number of recent research reports. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Finally, Evercore ISI raised 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 note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Insider Buying and Selling

In other news, Director Mike Spanos bought 256 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % 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 hyperlink. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Down 7.4 %

NASDAQ:CASY opened at $415.82 on Friday. Casey’s General Stores, Inc. has a 1 year low of $306.45 and a 1 year high of $458.92. The stock has a 50-day moving average price of $416.73 and a two-hundred day moving average price of $404.81. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 2.40 and a beta of 0.74. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last issued 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. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $2.33 EPS. As a group, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. Casey’s General Stores’s payout ratio is 13.94%.

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.