Intrust Bank NA Grows Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Intrust Bank NA lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 19.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,680 shares of the company’s stock after buying an additional 277 shares during the quarter. Intrust Bank NA’s holdings in Casey’s General Stores were worth $666,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sanctuary Advisors LLC grew its holdings in Casey’s General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after purchasing an additional 3,065 shares during the last quarter. JLB & Associates Inc. boosted its position in shares of Casey’s General Stores by 1.8% in the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock worth $17,049,000 after purchasing an additional 749 shares in the last quarter. South Dakota Investment Council grew its stake in Casey’s General Stores by 28.0% during the 4th 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 last quarter. Proficio Capital Partners LLC acquired a new position in Casey’s General Stores during the 4th quarter valued at about $45,224,000. Finally, Segall Bryant & Hamill LLC raised its stake in Casey’s General Stores by 9.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock valued at $21,131,000 after buying an additional 4,458 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In related news, Director Mike Spanos purchased 256 shares of the company’s stock in a transaction that occurred 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 purchase, the director now owns 3,356 shares of the company’s stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CASY shares. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. Evercore ISI reduced their target price on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Finally, StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. One equities 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $423.09.

Casey’s General Stores Trading Up 0.3 %

Casey’s General Stores stock opened at $432.00 on Friday. The firm has a market cap of $16.04 billion, a PE ratio of 30.10, a P/E/G ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 12 month low of $306.45 and a 12 month high of $445.17. The stock’s 50 day simple moving average is $413.35 and its two-hundred day simple moving average is $402.99. 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 announced its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the firm posted $2.33 earnings per share. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

About Casey’s General Stores

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.