Anchor Capital Advisors LLC Has $50.54 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Anchor Capital Advisors LLC lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,546 shares of the company’s stock after selling 8,644 shares during the quarter. Casey’s General Stores makes up 1.4% of Anchor Capital Advisors LLC’s holdings, making the stock its 17th biggest position. Anchor Capital Advisors LLC owned about 0.34% of Casey’s General Stores worth $50,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Verus Capital Partners LLC lifted its stake in Casey’s General Stores by 4.5% in the fourth quarter. Verus Capital Partners LLC now owns 1,036 shares of the company’s stock valued at $410,000 after acquiring an additional 45 shares during the last quarter. Prosperitas Financial LLC raised its holdings in shares of Casey’s General Stores by 4.3% in the 4th quarter. Prosperitas Financial LLC now owns 7,237 shares of the company’s stock valued at $2,867,000 after purchasing an additional 301 shares during the period. QRG Capital Management Inc. lifted its stake in Casey’s General Stores by 66.6% in the 4th quarter. QRG Capital Management Inc. now owns 928 shares of the company’s stock valued at $368,000 after purchasing an additional 371 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Casey’s General Stores during the fourth quarter worth about $45,224,000. Finally, DMKC Advisory Services LLC bought a new position in Casey’s General Stores during the fourth quarter worth about $475,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Performance

Shares of NASDAQ:CASY opened at $409.09 on Friday. Casey’s General Stores, Inc. has a 12-month low of $290.00 and a 12-month high of $445.17. The company’s 50 day moving average price is $410.14 and its two-hundred day moving average price is $397.87. The firm has a market cap of $15.18 billion, a PE ratio of 28.51, a PEG 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 (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the business posted $4.24 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, February 3rd. Casey’s General Stores’s payout ratio is currently 13.94%.

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos purchased 500 shares of Casey’s General Stores stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The transaction 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 shares were 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 ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Evercore ISI raised their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Royal Bank of Canada raised their price target on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Thursday. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

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.