Waterloo Capital L.P. Buys 113 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Waterloo Capital L.P. grew its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,700 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Waterloo Capital L.P.’s holdings in Casey’s General Stores were worth $1,070,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. HighPoint Advisor Group LLC boosted its position in Casey’s General Stores by 1.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock valued at $628,000 after buying an additional 25 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 worth $59,000 after purchasing an additional 29 shares during the period. Harbour Investments Inc. grew its stake in shares of Casey’s General Stores by 3.1% in the fourth quarter. Harbour Investments Inc. now owns 1,002 shares of the company’s stock worth $397,000 after purchasing an additional 30 shares during the last quarter. Laidlaw Wealth Management LLC increased its holdings in Casey’s General Stores by 3.1% during the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock valued at $421,000 after purchasing an additional 32 shares during the period. Finally, M&T Bank Corp raised its position in Casey’s General Stores by 2.1% during the 4th quarter. M&T Bank Corp now owns 1,802 shares of the company’s stock valued at $714,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CASY. Evercore ISI lifted their price objective on Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. 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. BMO Capital Markets reiterated a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Finally, Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $424.00.

Insiders Place Their Bets

In other news, Director Mike Spanos purchased 256 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the acquisition, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $415.82 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The stock has a market cap of $15.43 billion, a P/E ratio of 28.98, a P/E/G ratio of 2.40 and a beta of 0.74. The business’s 50 day moving average price is $416.73 and its 200-day moving average price is $405.25. Casey’s General Stores, Inc. has a 52 week low of $306.45 and a 52 week high of $458.92.

Casey’s General Stores (NASDAQ:CASY) last released 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. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid 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 yield of 0.48%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Casey’s General Stores Company 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.