Dimensional Fund Advisors LP Purchases 17,699 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Dimensional Fund Advisors LP lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASYGet Rating) by 3.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 467,718 shares of the company’s stock after buying an additional 17,699 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Casey’s General Stores were worth $92,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CASY. First Republic Investment Management Inc. grew its stake in shares of Casey’s General Stores by 2.1% in the third quarter. First Republic Investment Management Inc. now owns 2,602 shares of the company’s stock valued at $490,000 after acquiring an additional 54 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Casey’s General Stores by 1.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,025 shares of the company’s stock valued at $597,000 after acquiring an additional 54 shares in the last quarter. TrinityPoint Wealth LLC grew its stake in shares of Casey’s General Stores by 2.5% in the third quarter. TrinityPoint Wealth LLC now owns 2,341 shares of the company’s stock valued at $441,000 after acquiring an additional 58 shares in the last quarter. Column Capital Advisors LLC boosted its stake in shares of Casey’s General Stores by 32.7% in the fourth quarter. Column Capital Advisors LLC now owns 296 shares of the company’s stock valued at $58,000 after buying an additional 73 shares during the period. Finally, Tributary Capital Management LLC boosted its stake in shares of Casey’s General Stores by 4.0% in the fourth quarter. Tributary Capital Management LLC now owns 2,012 shares of the company’s stock valued at $397,000 after buying an additional 77 shares during the period. Institutional investors own 84.44% of the company’s stock.

Several brokerages recently issued reports on CASY. Royal Bank of Canada cut their price target on Casey’s General Stores from $237.00 to $235.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 9th. StockNews.com assumed coverage on Casey’s General Stores in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Casey’s General Stores from $257.00 to $259.00 and gave the company a “buy” rating in a research note on Thursday, March 10th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $232.70.

Shares of NASDAQ:CASY opened at $207.74 on Friday. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 24.13 and a beta of 0.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.84 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $199.32 and a 200 day simple moving average of $194.20. Casey’s General Stores, Inc. has a one year low of $170.82 and a one year high of $229.18.

Casey’s General Stores (NASDAQ:CASYGet Rating) last issued its earnings results on Tuesday, March 8th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.26. Casey’s General Stores had a return on equity of 15.56% and a net margin of 2.71%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The business’s revenue for the quarter was up 51.8% compared to the same quarter last year. As a group, analysts expect that Casey’s General Stores, Inc. will post 8.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Friday, April 29th. Casey’s General Stores’s payout ratio is 16.26%.

About Casey’s General Stores (Get Rating)

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 a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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