Blueshift Asset Management LLC Invests $274,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Blueshift Asset Management LLC acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 692 shares of the company’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CASY. YANKCOM Partnership acquired a new stake in Casey’s General Stores in the 4th quarter worth $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey’s General Stores during the fourth quarter worth about $36,000. MassMutual Private Wealth & Trust FSB increased its stake 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 acquiring an additional 29 shares during the period. Heck Capital Advisors LLC acquired a new position in Casey’s General Stores in the 4th quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC lifted its position in shares of Casey’s General Stores by 32.9% in 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 during the period. Institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of a number of research reports. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Evercore ISI lowered their price target on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. StockNews.com cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Finally, BMO Capital Markets restated 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 note on Wednesday, December 18th. One 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $423.09.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $404.00 on Friday. Casey’s General Stores, Inc. has a 1-year low of $306.45 and a 1-year high of $445.17. The company has a 50 day moving average of $410.20 and a 200-day moving average of $400.80. 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 firm has a market cap of $15.00 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm posted $2.33 EPS. On average, equities analysts forecast 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. 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 0.50%. Casey’s General Stores’s dividend payout ratio is 13.94%.

Insider Buying and Selling

In related news, Director Mike Spanos purchased 500 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares in the company, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

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.