New Age Alpha Advisors LLC Buys New Shares in Casey’s General Stores, Inc. (NASDAQ:CASY)

New Age Alpha Advisors LLC purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,044 shares of the company’s stock, valued at approximately $3,187,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CASY. Norges Bank acquired a new stake in Casey’s General Stores during the fourth quarter worth about $175,607,000. AssuredPartners Investment Advisors LLC bought a new stake in shares of Casey’s General Stores in the 4th quarter worth approximately $3,062,000. Zions Bancorporation N.A. grew its holdings in shares of Casey’s General Stores by 10.7% during the 4th quarter. Zions Bancorporation N.A. now owns 7,219 shares of the company’s stock worth $2,860,000 after purchasing an additional 700 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Casey’s General Stores during the 4th quarter worth approximately $288,000. Finally, Segall Bryant & Hamill LLC raised its stake in shares of Casey’s General Stores by 9.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock valued at $21,131,000 after purchasing an additional 4,458 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

CASY has been the topic of a number of recent research reports. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. Royal Bank of Canada set a $438.00 target price on shares of Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. 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. Evercore ISI decreased their price objective on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $423.09.

Insiders Place Their Bets

In other news, Director Mike Spanos purchased 256 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now directly owns 3,356 shares of the company’s stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $432.00 on Friday. The stock’s fifty day moving average is $413.35 and its 200-day moving average is $402.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. Casey’s General Stores, Inc. has a 52 week low of $306.45 and a 52 week high of $445.17. The stock has a market capitalization of $16.04 billion, a PE ratio of 30.10, a PEG ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $3.74 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The company’s revenue was up 17.2% on a year-over-year basis. Equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.46%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Casey’s General Stores 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.