Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Verus Capital Partners LLC

Verus Capital Partners LLC grew its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,036 shares of the company’s stock after purchasing an additional 45 shares during the period. Verus Capital Partners LLC’s holdings in Casey’s General Stores were worth $410,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Prosperitas Financial LLC lifted its stake in Casey’s General Stores by 4.3% during the 4th quarter. Prosperitas Financial LLC now owns 7,237 shares of the company’s stock worth $2,867,000 after acquiring an additional 301 shares in the last quarter. QRG Capital Management Inc. increased its stake in Casey’s General Stores by 66.6% during the fourth quarter. QRG Capital Management Inc. now owns 928 shares of the company’s stock worth $368,000 after purchasing an additional 371 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth about $45,224,000. DMKC Advisory Services LLC acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth about $475,000. Finally, Advisor OS LLC boosted its stake in shares of Casey’s General Stores by 18.5% in the fourth quarter. Advisor OS LLC now owns 2,031 shares of the company’s stock valued at $805,000 after purchasing an additional 317 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of the 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 completion of the sale, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 500 shares of the stock in a transaction dated 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 completion of 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 disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores Price Performance

CASY stock opened at $414.21 on Friday. The business has a 50 day moving average price of $410.37 and a 200 day moving average price of $398.17. 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 stock has a market cap of $15.37 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 2.40 and a beta of 0.83. Casey’s General Stores, Inc. has a fifty-two week low of $290.00 and a fifty-two week high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data 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 net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the previous year, the firm earned $4.24 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 17th. Shareholders of record on Monday, February 3rd were paid a $0.50 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.48%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CASY shares. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Evercore ISI upped their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Royal Bank of Canada lifted their price objective on 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.