Endeavor Private Wealth Inc. Makes New $36,000 Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

Endeavor Private Wealth Inc. bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 90 shares of the company’s stock, valued at approximately $36,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Venturi Wealth Management LLC raised its position in Casey’s General Stores by 941.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. Quarry LP bought a new stake in shares of Casey’s General Stores during the second quarter valued at approximately $72,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Casey’s General Stores in the third quarter valued at approximately $76,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on CASY. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Royal Bank of Canada boosted their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. Evercore ISI raised their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Gordon Haskett started coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Stock Performance

CASY opened at $401.21 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 27.96, a P/E/G ratio of 2.29 and a beta of 0.82. The business’s 50-day moving average price is $407.65 and its two-hundred day moving average price is $389.61. Casey’s General Stores, Inc. has a 1 year low of $268.07 and a 1 year high of $439.68.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.95 billion for the quarter, compared to analysts’ expectations of $4.03 billion. During the same quarter in the previous year, the business posted $4.24 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.50%. Casey’s General Stores’s dividend payout ratio is 13.94%.

Insider Activity

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

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.