Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Holdings Increased by WD Rutherford LLC

WD Rutherford LLC raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,597 shares of the company’s stock after buying an additional 172 shares during the quarter. Casey’s General Stores comprises 2.1% of WD Rutherford LLC’s portfolio, making the stock its 19th largest position. WD Rutherford LLC’s holdings in Casey’s General Stores were worth $3,993,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CASY. V Square Quantitative Management LLC lifted its stake in Casey’s General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock worth $83,000 after purchasing an additional 52 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Casey’s General Stores by 1.8% during the fourth quarter. Rhumbline Advisers now owns 113,129 shares of the company’s stock worth $44,825,000 after purchasing an additional 1,964 shares during the period. Principal Securities Inc. lifted its position in shares of Casey’s General Stores by 19.7% in the 4th quarter. Principal Securities Inc. now owns 2,757 shares of the company’s stock worth $1,093,000 after buying an additional 453 shares during the last quarter. Allworth Financial LP lifted its position in shares of Casey’s General Stores by 14.6% in the 4th quarter. Allworth Financial LP now owns 590 shares of the company’s stock worth $237,000 after buying an additional 75 shares during the last quarter. Finally, Valmark Advisers Inc. boosted its holdings in shares of Casey’s General Stores by 1.4% in the 4th quarter. Valmark Advisers Inc. now owns 4,201 shares of the company’s stock valued at $1,665,000 after buying an additional 60 shares during the period. Institutional investors own 85.63% of the company’s stock.

Insider Activity

In related news, insider Katrina S. Lindsey sold 250 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was 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 owns 2,443 shares of the company’s stock, valued at $1,067,615.43. This trade represents a 9.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Allison M. Wing sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $502.16, for a total transaction of $502,160.00. Following the completion of the sale, the director now owns 3,058 shares in the company, valued at approximately $1,535,605.28. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CASY has been the topic of several research reports. Stephens reiterated an “overweight” rating and set a $490.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, June 10th. KeyCorp increased their price target on Casey’s General Stores from $500.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 11th. The Goldman Sachs Group boosted their price objective on Casey’s General Stores from $385.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, June 11th. Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. Finally, BMO Capital Markets raised their target price on Casey’s General Stores from $450.00 to $515.00 and gave the company a “market perform” rating in a research note on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $453.00.

Casey’s General Stores Stock Performance

CASY stock opened at $506.39 on Tuesday. The company has a 50-day simple moving average of $455.46 and a 200 day simple moving average of $427.03. The company has a market capitalization of $18.80 billion, a P/E ratio of 35.29, a PEG ratio of 2.40 and a beta of 0.65. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $512.88.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.69. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period in the prior year, the business posted $2.34 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.57 per share. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, August 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 15.57%.

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.