Moors & Cabot Inc. Grows Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Moors & Cabot Inc. increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,389 shares of the company’s stock after buying an additional 107 shares during the period. Moors & Cabot Inc.’s holdings in Casey’s General Stores were worth $4,116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CASY. YANKCOM Partnership acquired a new stake in shares of Casey’s General Stores in the 4th quarter valued at about $34,000. Endeavor Private Wealth Inc. acquired a new stake in Casey’s General Stores during the fourth quarter worth about $36,000. Venturi Wealth Management LLC raised its stake in Casey’s General Stores by 941.7% during 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 during the period. MassMutual Private Wealth & Trust FSB raised its stake in 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 acquiring an additional 29 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in Casey’s General Stores during the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 0.8 %

Casey’s General Stores stock opened at $378.71 on Wednesday. The firm has a 50 day simple moving average of $409.64 and a 200-day simple moving average of $399.61. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock has a market capitalization of $14.06 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 12-month low of $290.00 and a 12-month high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the business earned $2.33 earnings per share. Casey’s General Stores’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos bought 500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, 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 sale, the insider now owns 2,247 shares in the company, valued at $959,761.11. The trade was a 16.69 % 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CASY shares. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore ISI dropped their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday. BMO Capital Markets restated 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. Finally, Royal Bank of Canada upped their target price on shares of 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $422.18.

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.