Raleigh Capital Management Inc. Acquires 133 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Raleigh Capital Management Inc. grew its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 37.6% in the fourth quarter, Holdings Channel reports. The firm owned 487 shares of the company’s stock after acquiring an additional 133 shares during the period. Raleigh Capital Management Inc.’s holdings in Casey’s General Stores were worth $193,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CASY. Wendell David Associates Inc. boosted its position in Casey’s General Stores by 16.4% in the 4th quarter. Wendell David Associates Inc. now owns 6,855 shares of the company’s stock valued at $2,716,000 after buying an additional 965 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Casey’s General Stores by 78.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 15,960 shares of the company’s stock valued at $6,324,000 after acquiring an additional 7,028 shares in the last quarter. Genesis Private Wealth LLC purchased a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $204,000. MassMutual Private Wealth & Trust FSB grew its stake in 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 worth $59,000 after purchasing an additional 29 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Casey’s General Stores by 2.4% during the 4th quarter. UMB Bank n.a. now owns 2,542 shares of the company’s stock worth $1,007,000 after purchasing an additional 59 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $407.79 on Friday. Casey’s General Stores, Inc. has a 12-month low of $268.07 and a 12-month high of $439.68. The business’s fifty day simple moving average is $407.69 and its 200-day simple moving average is $389.74. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The company has a market cap of $15.14 billion, a PE ratio of 28.42, a PEG 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 the consensus estimate 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 period in the prior year, the company posted $4.24 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, February 3rd. Casey’s General Stores’s payout ratio is currently 13.94%.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research reports. Evercore ISI upped their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Gordon Haskett began coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued 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, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Insider Buying and Selling

In other news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Spanos bought 500 shares of Casey’s General Stores stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now directly owns 3,097 shares in the company, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

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.