JLB & Associates Inc. Buys 749 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

JLB & Associates Inc. lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,029 shares of the company’s stock after acquiring an additional 749 shares during the quarter. Casey’s General Stores makes up approximately 2.3% of JLB & Associates Inc.’s investment portfolio, making the stock its 19th largest position. JLB & Associates Inc. owned approximately 0.12% of Casey’s General Stores worth $17,049,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CASY. FMR LLC raised its stake in shares of Casey’s General Stores by 3.8% during the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after purchasing an additional 38,226 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Casey’s General Stores by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after buying an additional 119,350 shares during the last quarter. Geode Capital Management LLC raised its position in Casey’s General Stores by 1.3% during the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock worth $246,335,000 after acquiring an additional 8,428 shares in the last quarter. Franklin Resources Inc. raised its position in Casey’s General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after acquiring an additional 174,586 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Casey’s General Stores by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 273,332 shares of the company’s stock valued at $102,694,000 after acquiring an additional 702 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 500 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at $1,228,765.72. This trade represents a 19.25 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now owns 2,247 shares in the company, valued at $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Down 1.3 %

CASY opened at $420.54 on Friday. The stock has a fifty day moving average of $410.51 and a 200-day moving average of $396.45. The company has a market capitalization of $15.61 billion, a P/E ratio of 29.31, a P/E/G ratio of 2.43 and a beta of 0.83. Casey’s General Stores, Inc. has a fifty-two week low of $287.77 and a fifty-two week high of $445.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the company earned $4.24 EPS. The business’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 17th. Investors of record on Monday, February 3rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CASY. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. Royal Bank of Canada raised their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, StockNews.com raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $424.00.

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.