Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Holdings Trimmed by Paragon Capital Management LLC

Paragon Capital Management LLC trimmed its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,708 shares of the company’s stock after selling 1,332 shares during the period. Casey’s General Stores accounts for 5.7% of Paragon Capital Management LLC’s portfolio, making the stock its 5th biggest position. Paragon Capital Management LLC owned approximately 0.07% of Casey’s General Stores worth $10,583,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth $236,500,000. Franklin Resources Inc. grew its stake in shares of Casey’s General Stores by 49.9% in 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 during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Casey’s General Stores by 1,819.1% in the third quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock worth $48,959,000 after acquiring an additional 123,502 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Casey’s General Stores by 281.4% in the third quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock worth $61,863,000 after buying an additional 121,488 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Casey’s General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after purchasing an additional 119,350 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos purchased 256 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost 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 approximately $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $394.84 on Friday. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The stock has a 50 day moving average price of $409.84 and a 200-day moving average price of $400.51. Casey’s General Stores, Inc. has a one year low of $306.45 and a one year high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 EPS. Equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CASY shares. Evercore ISI decreased their target price on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the company a “sector perform” rating in a research note on Wednesday, March 12th. BMO Capital Markets reissued a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. 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 research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $423.09.

Casey’s General Stores Profile

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.