City State Bank Sells 410 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

City State Bank reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) by 18.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,848 shares of the company’s stock after selling 410 shares during the quarter. City State Bank’s holdings in Casey’s General Stores were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steph & Co. raised its holdings in Casey’s General Stores by 3.0% during the 3rd quarter. Steph & Co. now owns 1,705 shares of the company’s stock valued at $345,000 after buying an additional 50 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in Casey’s General Stores by 4.4% in the 3rd quarter. Personal CFO Solutions LLC now owns 1,294 shares of the company’s stock worth $262,000 after purchasing an additional 54 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Casey’s General Stores by 3.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,736 shares of the company’s stock worth $344,000 after purchasing an additional 54 shares in the last quarter. Alaska Permanent Fund Corp raised its holdings in Casey’s General Stores by 10.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 574 shares of the company’s stock worth $116,000 after purchasing an additional 56 shares in the last quarter. Finally, Commerce Bank raised its holdings in Casey’s General Stores by 1.4% in the 3rd quarter. Commerce Bank now owns 4,700 shares of the company’s stock worth $952,000 after purchasing an additional 63 shares in the last quarter. 84.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research reports. Benchmark restated a “buy” rating and issued a $275.00 price objective on shares of Casey’s General Stores in a report on Thursday, March 9th. Credit Suisse Group reissued a “neutral” rating and set a $254.00 price objective on shares of Casey’s General Stores in a research report on Thursday, March 9th. Northcoast Research downgraded shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Thursday, December 8th. StockNews.com raised shares of Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 14th. Finally, Stephens reissued an “overweight” rating and set a $280.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 8th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.44.

Casey’s General Stores Stock Down 1.2 %

Casey’s General Stores stock traded down $2.48 during midday trading on Friday, reaching $205.70. The company’s stock had a trading volume of 556,398 shares, compared to its average volume of 274,228. The stock’s 50-day simple moving average is $220.07 and its 200-day simple moving average is $222.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.10 and a quick ratio of 0.66. The stock has a market capitalization of $7.66 billion, a P/E ratio of 17.10 and a beta of 0.82. Casey’s General Stores, Inc. has a 52-week low of $181.40 and a 52-week high of $249.90.

Casey’s General Stores (NASDAQ:CASY – Get Rating) last posted its earnings results on Wednesday, March 8th. The company reported $2.36 EPS for the quarter, topping the consensus estimate of $1.83 by $0.53. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.35 billion. Casey’s General Stores had a return on equity of 18.02% and a net margin of 2.96%. Casey’s General Stores’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.71 earnings per share. On average, sell-side analysts expect that Casey’s General Stores, Inc. will post 11.6 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, April 28th. This represents a $1.52 annualized dividend and a dividend yield of 0.74%. Casey’s General Stores’s dividend payout ratio is presently 12.64%.

Casey’s General Stores Company Profile

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Casey’s General Stores, Inc engages in the 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.