Zions Bancorporation N.A. Acquires 700 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Zions Bancorporation N.A. boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,219 shares of the company’s stock after purchasing an additional 700 shares during the period. Zions Bancorporation N.A.’s holdings in Casey’s General Stores were worth $2,860,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CASY. Soros Capital Management LLC increased its holdings in shares of Casey’s General Stores by 1,825.6% in the third quarter. Soros Capital Management LLC now owns 27,632 shares of the company’s stock valued at $10,382,000 after purchasing an additional 26,197 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Casey’s General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock valued at $3,629,000 after buying an additional 3,065 shares during the period. JLB & Associates Inc. increased its stake in shares of Casey’s General Stores by 1.8% in the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after buying an additional 749 shares during the period. South Dakota Investment Council raised its position in shares of Casey’s General Stores by 28.0% during the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Casey’s General Stores during the fourth quarter valued at $45,224,000. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. StockNews.com cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. BMO Capital Markets restated a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. 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. Finally, Evercore ISI dropped their target price on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. One investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $423.09.

Insiders Place Their Bets

In related news, Director Mike Spanos bought 256 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $417.42 on Wednesday. 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, Inc. has a 12-month low of $306.45 and a 12-month high of $445.17. The firm has a fifty day moving average of $411.05 and a 200-day moving average of $401.98. The firm has a market capitalization of $15.49 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.33 earnings per share. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. Casey’s General Stores’s payout ratio is 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.