Cozad Asset Management Inc. Grows Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Cozad Asset Management Inc. lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 780 shares of the company’s stock after purchasing an additional 39 shares during the quarter. Cozad Asset Management Inc.’s holdings in Casey’s General Stores were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. YANKCOM Partnership purchased a new position in Casey’s General Stores during the 4th quarter valued at about $34,000. Endeavor Private Wealth Inc. purchased a new position in Casey’s General Stores during the 4th quarter valued at about $36,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after acquiring an additional 29 shares during the period. Heck Capital Advisors LLC purchased a new position in Casey’s General Stores during the 4th quarter valued at about $79,000. Finally, V Square Quantitative Management LLC boosted its holdings in Casey’s General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after acquiring an additional 52 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore ISI lowered their target price on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. BMO Capital Markets reaffirmed 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 research report on Wednesday, December 18th. Finally, Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average 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 on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $386.89 on Wednesday. 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 fifty-two week low of $306.42 and a fifty-two week high of $445.17. The firm has a market capitalization of $14.36 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The stock’s 50-day simple moving average is $409.53 and its 200-day simple moving average is $400.54.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter last year, the company earned $2.33 EPS. The business’s quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.52%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) 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.