Prosperitas Financial LLC Increases Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Prosperitas Financial LLC raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 239.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,248 shares of the company’s stock after purchasing an additional 3,700 shares during the period. Prosperitas Financial LLC’s holdings in Casey’s General Stores were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Casey’s General Stores by 16.2% in the 1st quarter. American Century Companies Inc. now owns 12,483 shares of the company’s stock valued at $2,474,000 after buying an additional 1,736 shares in the last quarter. Private Advisor Group LLC raised its position in Casey’s General Stores by 13.5% during the 1st quarter. Private Advisor Group LLC now owns 2,478 shares of the company’s stock worth $491,000 after buying an additional 294 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Casey’s General Stores by 3.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,736 shares of the company’s stock worth $344,000 after buying an additional 54 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Casey’s General Stores by 9.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 21,127 shares of the company’s stock worth $4,311,000 after buying an additional 1,880 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in Casey’s General Stores by 1.9% during the 1st quarter. Yousif Capital Management LLC now owns 15,024 shares of the company’s stock worth $2,977,000 after buying an additional 273 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY traded up $1.24 during midday trading on Tuesday, hitting $314.02. The company had a trading volume of 51,883 shares, compared to its average volume of 275,926. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. Casey’s General Stores, Inc. has a twelve month low of $212.50 and a twelve month high of $324.40. The business has a 50-day simple moving average of $302.48 and a two-hundred day simple moving average of $285.16. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 2.48 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.36 earnings per share. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s payout ratio is currently 13.67%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Benchmark reiterated a “buy” rating and issued a $312.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 6th. Evercore ISI reduced their price objective on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets raised their price objective on shares of Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.