Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 55.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,579 shares of the company’s stock after purchasing an additional 3,065 shares during the period. Sanctuary Advisors LLC’s holdings in Casey’s General Stores were worth $3,629,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. YANKCOM Partnership purchased a new stake in shares of Casey’s General Stores during the 4th quarter worth about $34,000. Endeavor Private Wealth Inc. purchased a new stake in Casey’s General Stores during the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC increased its position in shares of Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after acquiring an additional 113 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in Casey’s General Stores during the 3rd quarter worth $76,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insiders Place Their Bets

In other news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, Director Mike Spanos purchased 500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $396.76 per share, with a total value of $198,380.00. Following the purchase, the director now owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $405.59 on Friday. The stock has a market capitalization of $15.05 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.43 and a beta of 0.83. The firm’s 50-day moving average price is $410.12 and its two-hundred day moving average price is $396.69. Casey’s General Stores, Inc. has a 52-week low of $288.11 and a 52-week high of $445.17. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the business earned $4.24 EPS. The firm’s revenue was down 2.9% on a year-over-year basis. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, February 3rd. Casey’s General Stores’s payout ratio is 13.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. Evercore ISI boosted their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, StockNews.com raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

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.