1,896 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,896 shares of the company’s stock, valued at approximately $751,000.

Other large investors also recently modified their holdings of the company. Endeavor Private Wealth Inc. purchased a new stake in shares of Casey’s General Stores in the 4th quarter valued at approximately $36,000. Venturi Wealth Management LLC increased its position in shares of Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after buying an additional 29 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Casey’s General Stores in the 4th quarter valued at $79,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $429.42 on Thursday. The firm has a 50 day simple moving average of $408.32 and a 200-day simple moving average of $392.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The firm has a market cap of $15.94 billion, a PE ratio of 29.92, a P/E/G ratio of 2.40 and a beta of 0.83. Casey’s General Stores, Inc. has a 1-year low of $272.46 and a 1-year high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. The business 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 company’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.24 earnings per share. On average, equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be issued a $0.50 dividend. The ex-dividend date is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Activity at Casey’s General Stores

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

Wall Street Analyst Weigh In

CASY has been the subject of several research analyst reports. Evercore ISI upped their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised 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 research report on Wednesday, November 6th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $424.00.

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.