Endeavor Private Wealth Inc. Purchases Shares of 90 Casey’s General Stores, Inc. (NASDAQ:CASY)

Endeavor Private Wealth Inc. purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 90 shares of the company’s stock, valued at approximately $36,000.

A number of other hedge funds also recently modified their holdings of CASY. AE Wealth Management LLC lifted its stake in shares of Casey’s General Stores by 26.6% in the second quarter. AE Wealth Management LLC now owns 941 shares of the company’s stock worth $359,000 after acquiring an additional 198 shares during the period. Pacer Advisors Inc. lifted its position in shares of Casey’s General Stores by 19.1% in the 2nd quarter. Pacer Advisors Inc. now owns 7,650 shares of the company’s stock worth $2,919,000 after purchasing an additional 1,225 shares during the period. Sei Investments Co. boosted its stake in shares of Casey’s General Stores by 20.1% in the 2nd quarter. Sei Investments Co. now owns 54,234 shares of the company’s stock valued at $20,692,000 after purchasing an additional 9,085 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Casey’s General Stores by 6.7% during the second quarter. Gabelli Funds LLC now owns 8,000 shares of the company’s stock worth $3,052,000 after buying an additional 500 shares during the period. Finally, Bank of Montreal Can raised its stake in Casey’s General Stores by 9.1% during the second quarter. Bank of Montreal Can now owns 23,685 shares of the company’s stock worth $9,044,000 after buying an additional 1,983 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos purchased 500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were purchased at an average price of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction 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 sale, the insider now directly owns 2,247 shares of the company’s stock, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Down 0.3 %

CASY opened at $401.21 on Thursday. Casey’s General Stores, Inc. has a 12 month low of $268.07 and a 12 month high of $439.68. The company has a market cap of $14.89 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.29 and a beta of 0.82. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $407.65 and a 200 day moving average of $389.61.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the company earned $4.24 earnings per share. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on CASY. Royal Bank of Canada upped their price target on shares of Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upped their target price on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI lifted their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Gordon Haskett started coverage on Casey’s General Stores in a report on Monday, November 4th. They set a “hold” rating and a $400.00 price target on the stock. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.