Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Holdings Decreased by Watchman Group Inc.

Watchman Group Inc. lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,521 shares of the company’s stock after selling 764 shares during the quarter. Casey’s General Stores makes up approximately 1.2% of Watchman Group Inc.’s holdings, making the stock its 24th biggest holding. Watchman Group Inc.’s holdings in Casey’s General Stores were worth $4,565,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC grew its position in shares of Casey’s General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after acquiring an additional 3,065 shares in the last quarter. JLB & Associates Inc. raised its holdings in shares of Casey’s General Stores by 1.8% during the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after buying an additional 749 shares during the last quarter. South Dakota Investment Council boosted its position in shares of Casey’s General Stores by 28.0% during the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after buying an additional 2,200 shares during the period. Proficio Capital Partners LLC bought a new position in Casey’s General Stores in the 4th quarter worth approximately $45,224,000. Finally, Segall Bryant & Hamill LLC increased its position in Casey’s General Stores by 9.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock valued at $21,131,000 after acquiring an additional 4,458 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI reduced their price target on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets reiterated a “market perform” rating and set 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. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. Finally, StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $423.09.

Insider Buying and Selling

In related news, Director Mike Spanos bought 256 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the purchase, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores Price Performance

CASY stock opened at $432.00 on Friday. The stock has a 50-day moving average price of $413.35 and a two-hundred day moving average price of $402.99. Casey’s General Stores, Inc. has a 1 year low of $306.45 and a 1 year high of $445.17. The stock has a market cap of $16.04 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

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

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.46%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Casey’s General Stores Company 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.