Yousif Capital Management LLC Decreases Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Yousif Capital Management LLC decreased its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 9,708 shares of the company’s stock after selling 442 shares during the period. Yousif Capital Management LLC’s holdings in Casey’s General Stores were worth $3,847,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Endeavor Private Wealth Inc. purchased a new position in shares of Casey’s General Stores in the 4th quarter valued at $36,000. Venturi Wealth Management LLC increased its holdings in Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares in the last quarter. V Square Quantitative Management LLC raised its position in Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake 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 in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Casey’s General Stores in the third quarter valued at about $76,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 1.9 %

Shares of Casey’s General Stores stock opened at $426.82 on Friday. The business has a 50-day moving average price of $408.73 and a 200 day moving average price of $393.39. Casey’s General Stores, Inc. has a fifty-two week low of $275.27 and a fifty-two week high of $439.68. The firm has a market cap of $15.84 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.40 and a beta of 0.83. 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 results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating 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 business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the previous year, the business earned $4.24 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts forecast 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 firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. Casey’s General Stores’s payout ratio is currently 13.94%.

Wall Street Analysts Forecast Growth

CASY has been the topic of several recent research reports. Gordon Haskett started coverage on Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price target on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Finally, StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average target price of $424.00.

Insider Activity

In other news, insider Katrina S. Lindsey sold 450 shares of the 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 sale, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now owns 3,097 shares in the company, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

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.