Edgestream Partners L.P. Buys New Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Edgestream Partners L.P. bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,114 shares of the company’s stock, valued at approximately $1,234,000.

Several other institutional investors also recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Casey’s General Stores by 3.8% in the third quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after acquiring an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Casey’s General Stores by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after purchasing an additional 119,350 shares during the period. Geode Capital Management LLC grew its position in Casey’s General Stores by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock worth $246,335,000 after purchasing an additional 8,428 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Casey’s General Stores during the 4th quarter worth about $236,500,000. Finally, Franklin Resources Inc. raised its position in shares of Casey’s General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock valued at $204,861,000 after buying an additional 174,586 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CASY. Royal Bank of Canada lifted their target price on 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. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore ISI lifted their price target 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. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Stock Down 4.3 %

Shares of NASDAQ:CASY opened at $381.68 on Tuesday. The company has a market capitalization of $14.17 billion, a PE ratio of 26.60, a P/E/G ratio of 2.40 and a beta of 0.87. 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 company’s fifty day moving average is $410.00 and its 200-day moving average is $399.54. Casey’s General Stores, Inc. has a 52 week low of $290.00 and a 52 week high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period in the previous year, the business earned $4.24 earnings per share. The company’s revenue for the quarter 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 fiscal year.

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 shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This represents 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 through this link. Also, Director Mike Spanos purchased 500 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

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.