Paragon Capital Management LLC Has $10.58 Million Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Paragon Capital Management LLC cut its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,708 shares of the company’s stock after selling 1,332 shares during the period. Casey’s General Stores comprises 5.7% of Paragon Capital Management LLC’s portfolio, making the stock its 5th biggest position. Paragon Capital Management LLC’s holdings in Casey’s General Stores were worth $10,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new position in shares of Casey’s General Stores in the 4th quarter worth $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey’s General Stores in the 4th quarter worth $36,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Casey’s General Stores by 24.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Heck Capital Advisors LLC bought a new position in shares of Casey’s General Stores in the 4th quarter worth $79,000. Finally, V Square Quantitative Management LLC raised its position in shares of Casey’s General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after acquiring an additional 52 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on CASY shares. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 8th. BMO Capital Markets restated a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. Finally, Evercore ISI dropped 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $423.09.

Casey’s General Stores Stock Down 1.8 %

Casey’s General Stores stock opened at $394.84 on Friday. Casey’s General Stores, Inc. has a fifty-two week low of $306.45 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. The company has a market cap of $14.66 billion, a PE ratio of 27.51, a PEG ratio of 2.40 and a beta of 0.87. The business’s 50-day simple moving average is $409.84 and its two-hundred day simple moving average is $400.51.

Casey’s General Stores (NASDAQ:CASY) last issued 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. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The company’s revenue was up 17.2% compared to the same quarter last year. Equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.51%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 500 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Company 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.