First Hawaiian Bank Decreases Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

First Hawaiian Bank decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,359 shares of the company’s stock after selling 917 shares during the period. First Hawaiian Bank’s holdings in Casey’s General Stores were worth $4,897,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CASY. Victory Capital Management Inc. boosted its stake in shares of Casey’s General Stores by 95.6% during the 2nd quarter. Victory Capital Management Inc. now owns 125,561 shares of the company’s stock valued at $47,909,000 after buying an additional 61,368 shares during the last quarter. Private Advisor Group LLC grew its holdings in Casey’s General Stores by 5.2% during the 2nd quarter. Private Advisor Group LLC now owns 3,604 shares of the company’s stock worth $1,375,000 after acquiring an additional 178 shares in the last quarter. Oak Thistle LLC acquired a new position in Casey’s General Stores during the 2nd quarter worth $363,000. Quest Partners LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $209,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Casey’s General Stores in the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Melius Research initiated coverage on Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Gordon Haskett initiated coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $424.00.

Insiders Place Their Bets

In other news, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the transaction, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Price Performance

CASY stock traded up $1.53 during trading on Wednesday, hitting $390.84. The company had a trading volume of 162,966 shares, compared to its average volume of 200,306. The business has a 50 day moving average of $409.89 and a 200 day moving average of $388.45. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 27.24 and a beta of 0.82. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.24 EPS. As a group, research analysts predict that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.50 per share. The ex-dividend date is Monday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Casey’s General Stores 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.