Legacy Financial Group LLC Makes New Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

Legacy Financial Group LLC purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 8,899 shares of the company’s stock, valued at approximately $3,526,000.

A number of other large investors have also added to or reduced their stakes in the company. Applied Capital LLC FL grew its holdings 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 worth $250,000 after acquiring an additional 70 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Casey’s General Stores in the 4th quarter worth $225,000. Tributary Capital Management LLC boosted its stake in shares of Casey’s General Stores by 46.7% during the 4th quarter. Tributary Capital Management LLC now owns 3,391 shares of the company’s stock valued at $1,344,000 after purchasing an additional 1,079 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of Casey’s General Stores by 3.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,204 shares of the company’s stock valued at $1,270,000 after purchasing an additional 101 shares in the last quarter. Finally, LexAurum Advisors LLC boosted its stake in shares of Casey’s General Stores by 8.4% during the 4th quarter. LexAurum Advisors LLC now owns 1,400 shares of the company’s stock valued at $555,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Activity

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 shares were 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 of the company’s stock, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mike Spanos acquired 500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their target price on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Evercore ISI boosted their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average target price of $424.00.

Casey’s General Stores Stock Up 0.8 %

Shares of Casey’s General Stores stock opened at $411.25 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The stock has a market capitalization of $15.26 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 50-day simple moving average of $407.89 and a two-hundred day simple moving average of $390.44.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $4.24 earnings per share. On average, analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. Casey’s General Stores’s payout ratio is 13.94%.

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.