Personal CFO Solutions LLC Sells 53 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Personal CFO Solutions LLC trimmed its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 827 shares of the company’s stock after selling 53 shares during the quarter. Personal CFO Solutions LLC’s holdings in Casey’s General Stores were worth $359,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC lifted its position in shares of Casey’s General Stores by 4.1% in the first quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company’s stock valued at $256,000 after buying an additional 23 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in shares of Casey’s General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock valued at $628,000 after buying an additional 25 shares during the last quarter. Burns J W & Co. Inc. NY lifted its position in shares of Casey’s General Stores by 2.1% in the first quarter. Burns J W & Co. Inc. NY now owns 1,204 shares of the company’s stock valued at $522,000 after buying an additional 25 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Casey’s General Stores by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company’s stock valued at $812,000 after buying an additional 26 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its position in shares of Casey’s General Stores by 3.2% in the fourth quarter. Dark Forest Capital Management LP now owns 902 shares of the company’s stock valued at $357,000 after buying an additional 28 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CASY has been the subject of a number of recent analyst reports. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. BMO Capital Markets lifted their price target on Casey’s General Stores from $450.00 to $515.00 and gave the stock a “market perform” rating in a report on Wednesday, June 11th. Royal Bank Of Canada lifted their price target on Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a report on Wednesday. Evercore ISI lifted their price target on Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. Finally, KeyCorp lifted their price target on Casey’s General Stores from $500.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $461.00.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the sale, the insider owned 4,636 shares in the company, valued at $2,346,140.52. The trade was a 30.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Darren M. Rebelez sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total value of $10,156,600.00. Following the sale, the chief executive officer owned 89,840 shares in the company, valued at $45,623,447.20. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,646 shares of company stock worth $22,136,614 over the last three months. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $522.32 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. Casey’s General Stores, Inc. has a 52 week low of $350.52 and a 52 week high of $526.82. The stock has a market capitalization of $19.42 billion, a P/E ratio of 35.68 and a beta of 0.69. The stock has a fifty day moving average of $474.77 and a 200-day moving average of $437.75.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.69. Casey’s General Stores had a return on equity of 16.28% and a net margin of 3.43%. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same quarter in the previous year, the firm earned $2.34 EPS. Casey’s General Stores’s revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, August 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.44%. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.50. Casey’s General Stores’s payout ratio is currently 13.66%.

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.