Prosperitas Financial LLC Has $2.87 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Prosperitas Financial LLC boosted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,237 shares of the company’s stock after purchasing an additional 301 shares during the period. Casey’s General Stores accounts for approximately 1.5% of Prosperitas Financial LLC’s portfolio, making the stock its 25th biggest position. Prosperitas Financial LLC’s holdings in Casey’s General Stores were worth $2,867,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CASY. Franklin Resources Inc. lifted its position in shares of Casey’s General Stores by 49.9% in the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after buying an additional 174,586 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Casey’s General Stores by 1,819.1% in the third quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock worth $48,959,000 after buying an additional 123,502 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Casey’s General Stores by 281.4% in the third quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock worth $61,863,000 after buying an additional 121,488 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Casey’s General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after buying an additional 119,350 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $45,224,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction 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 transaction, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos acquired 500 shares of Casey’s General Stores stock in a transaction on Monday, December 23rd. The shares were purchased 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. This represents 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 Stock Down 1.7 %

Shares of CASY opened at $409.09 on Friday. The company has a market capitalization of $15.18 billion, a P/E ratio of 28.51, a PEG ratio of 2.40 and a beta of 0.83. 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 one year low of $290.00 and a one year high of $445.17. The business’s 50 day simple moving average is $410.14 and its 200-day simple moving average is $397.87.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey’s General Stores’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.24 EPS. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CASY. Deutsche Bank Aktiengesellschaft lifted their price objective on 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. Evercore ISI lifted their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their price objective on 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. Finally, Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

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.