Leibman Financial Services Inc. Buys 1,990 Shares of Casey’s General Stores, Inc. $CASY

Leibman Financial Services Inc. lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 79.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,506 shares of the company’s stock after purchasing an additional 1,990 shares during the quarter. Casey’s General Stores comprises 1.8% of Leibman Financial Services Inc.’s portfolio, making the stock its 25th biggest holding. Leibman Financial Services Inc.’s holdings in Casey’s General Stores were worth $2,491,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CASY. GAMMA Investing LLC raised its holdings in Casey’s General Stores by 18.7% during the 4th quarter. GAMMA Investing LLC now owns 2,073 shares of the company’s stock valued at $1,146,000 after buying an additional 326 shares during the period. Peterson Wealth Management boosted its stake in Casey’s General Stores by 1.0% during the third quarter. Peterson Wealth Management now owns 7,919 shares of the company’s stock worth $4,477,000 after buying an additional 80 shares during the period. Hudson Bay Capital Management LP bought a new position in Casey’s General Stores during the third quarter valued at $2,856,000. IFP Advisors Inc increased its position in Casey’s General Stores by 16.6% during the third quarter. IFP Advisors Inc now owns 1,195 shares of the company’s stock valued at $691,000 after acquiring an additional 170 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its stake in shares of Casey’s General Stores by 79.8% in the third quarter. Swiss Life Asset Management Ltd now owns 1,731 shares of the company’s stock valued at $979,000 after acquiring an additional 768 shares during the period. Institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the subject of several analyst reports. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on shares of Casey’s General Stores in a research report on Thursday, January 8th. Wells Fargo & Company raised their price objective on shares of Casey’s General Stores from $725.00 to $745.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 10th. Stephens restated an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Finally, UBS Group upped their target price on Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $698.20.

Casey’s General Stores Trading Down 0.7%

NASDAQ CASY opened at $665.16 on Friday. The company’s 50-day moving average price is $651.99 and its 200-day moving average price is $584.64. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock has a market cap of $24.58 billion, a PE ratio of 38.18, a PEG ratio of 2.21 and a beta of 0.65. Casey’s General Stores, Inc. has a 12 month low of $391.55 and a 12 month high of $696.66.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business posted $2.33 EPS. Equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.09%.

Insider Activity

In related news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the transaction, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Moats Maria Castanon acquired 300 shares of Casey’s General Stores stock in a transaction on Monday, January 5th. The shares were purchased at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the acquisition, the director directly owned 803 shares in the company, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.