Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Evexia Wealth LLC

Evexia Wealth LLC decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,217 shares of the company’s stock after selling 389 shares during the period. Casey’s General Stores accounts for approximately 2.1% of Evexia Wealth LLC’s portfolio, making the stock its 19th largest holding. Evexia Wealth LLC’s holdings in Casey’s General Stores were worth $6,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CASY. HighTower Advisors LLC boosted its stake in Casey’s General Stores by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 13,645 shares of the company’s stock worth $5,156,000 after buying an additional 49 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Casey’s General Stores by 109.7% during the third quarter. Integrated Wealth Concepts LLC now owns 1,726 shares of the company’s stock worth $649,000 after purchasing an additional 903 shares during the last quarter. Quantinno Capital Management LP raised its stake in Casey’s General Stores by 14.6% during the third quarter. Quantinno Capital Management LP now owns 8,696 shares of the company’s stock worth $3,267,000 after purchasing an additional 1,111 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Casey’s General Stores by 281.4% in the 3rd quarter. Wellington Management Group LLP now owns 164,656 shares of the company’s stock valued at $61,863,000 after purchasing an additional 121,488 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Casey’s General Stores during the 3rd quarter valued at $397,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CASY has been the topic of a number of research analyst reports. 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 report on Wednesday, March 12th. StockNews.com downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI lifted their price target on shares of Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Gordon Haskett raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 price target (up from $400.00) on shares of Casey’s General Stores in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Trading Down 0.4 %

NASDAQ CASY opened at $416.49 on Wednesday. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Casey’s General Stores, Inc. has a 12 month low of $306.45 and a 12 month high of $458.92. The company’s fifty day moving average price is $416.65 and its two-hundred day moving average price is $406.03. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The firm had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s payout ratio is 13.94%.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 250 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now directly owns 2,443 shares of the company’s stock, valued at $1,067,615.43. The trade was a 9.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike Spanos purchased 256 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the purchase, the director now directly owns 3,356 shares of the company’s stock, valued at $1,310,652.24. This trade represents a 8.26 % 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.