Casey’s General Stores, Inc. (NASDAQ:CASY) Position Trimmed by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 64,480 shares of the company’s stock after selling 2,549 shares during the period. Casey’s General Stores makes up approximately 5.4% of Hunter Perkins Capital Management LLC’s holdings, making the stock its 2nd largest position. Hunter Perkins Capital Management LLC owned approximately 0.17% of Casey’s General Stores worth $25,549,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV raised its holdings in Casey’s General Stores by 45.5% in the fourth quarter. KBC Group NV now owns 1,375 shares of the company’s stock worth $545,000 after buying an additional 430 shares during the last quarter. Blue Trust Inc. increased its position in shares of Casey’s General Stores by 35.6% during the fourth quarter. Blue Trust Inc. now owns 769 shares of the company’s stock valued at $289,000 after acquiring an additional 202 shares in the last quarter. Legacy Financial Group LLC purchased a new position in Casey’s General Stores in the 4th quarter worth approximately $3,526,000. Applied Capital LLC FL lifted its position in Casey’s General Stores by 12.5% in the 4th quarter. Applied Capital LLC FL now owns 631 shares of the company’s stock valued at $250,000 after acquiring an additional 70 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Casey’s General Stores during the 4th quarter valued at $225,000. 85.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Evercore ISI boosted their price target 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 reissued a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price objective on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Trading Up 0.8 %

NASDAQ CASY opened at $411.25 on Monday. The firm has a market cap of $15.27 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82. Casey’s General Stores, Inc. has a 52 week low of $268.07 and a 52 week high of $439.68. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $407.89 and a 200 day moving average price of $390.44.

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, topping the consensus estimate 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 quarter last year, the company earned $4.24 earnings per share. The company’s quarterly 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 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Insider Buying and Selling at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the company’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 value of $192,208.50. Following the sale, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price 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 $1,228,765.72. This trade represents a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company 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.