Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC decreased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,399 shares of the company’s stock after selling 44 shares during the period. Westover Capital Advisors LLC’s holdings in Casey’s General Stores were worth $934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CASY. BKM Wealth Management LLC bought a new position in Casey’s General Stores during the 4th quarter valued at $29,000. McGlone Suttner Wealth Management Inc. bought a new position in Casey’s General Stores during the 4th quarter valued at $36,000. Harvest Fund Management Co. Ltd bought a new position in Casey’s General Stores during the 3rd quarter valued at $38,000. Milestone Investment Advisors LLC bought a new position in Casey’s General Stores during the 3rd quarter valued at $43,000. Finally, SRS Capital Advisors Inc. boosted its stake in Casey’s General Stores by 283.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 165 shares of the company’s stock valued at $45,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Benchmark reissued a “buy” rating and set a $312.00 target price on shares of Casey’s General Stores in a report on Wednesday, March 6th. Evercore ISI dropped their target price on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, BMO Capital Markets increased their target price on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $312.63.

Casey’s General Stores Stock Performance

Shares of CASY stock traded down $1.87 during trading hours on Thursday, reaching $316.79. The stock had a trading volume of 239,513 shares, compared to its average volume of 280,187. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. Casey’s General Stores, Inc. has a twelve month low of $212.50 and a twelve month high of $324.40. The firm has a 50-day simple moving average of $309.94 and a 200-day simple moving average of $288.77. The firm has a market capitalization of $11.73 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 2.56 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. Casey’s General Stores’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $2.36 EPS. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.43 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.54%. Casey’s General Stores’s payout ratio is 13.67%.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.