Farringdon Capital Ltd. Invests $369,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Farringdon Capital Ltd. acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 932 shares of the company’s stock, valued at approximately $369,000.

Other hedge funds also recently bought and sold shares of the company. YANKCOM Partnership purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth $34,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Casey’s General Stores in the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Casey’s General Stores by 24.2% during the 4th 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 last quarter. Heck Capital Advisors LLC purchased a new position in shares of Casey’s General Stores during the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC increased its position in shares of Casey’s General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of Casey’s General Stores stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now directly owns 3,356 shares of the company’s stock, valued at $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 250 shares of Casey’s General Stores stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the transaction, the insider now directly owns 2,443 shares of the company’s stock, valued at approximately $1,067,615.43. This trade represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Up 0.6 %

Shares of NASDAQ:CASY opened at $460.07 on Friday. The stock’s 50-day moving average is $421.46 and its 200 day moving average is $410.47. The company has a market cap of $17.08 billion, a PE ratio of 32.06, a P/E/G ratio of 2.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. Casey’s General Stores, Inc. has a 1 year low of $307.01 and a 1 year high of $468.88.

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

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s payout ratio is currently 13.94%.

Analyst Ratings Changes

CASY has been the topic of several research reports. KeyCorp assumed coverage on shares of Casey’s General Stores in a research report on Friday, April 11th. They set an “overweight” rating and a $500.00 price objective on the stock. 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 research note 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 Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Stephens raised Casey’s General Stores to a “strong-buy” rating in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $430.33.

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.