Casey’s General Stores, Inc. $CASY Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,823 shares of the company’s stock after buying an additional 222 shares during the quarter. Ritholtz Wealth Management’s holdings in Casey’s General Stores were worth $930,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Casey’s General Stores during the 1st quarter valued at approximately $32,000. Iron Horse Wealth Management LLC grew its stake in Casey’s General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after purchasing an additional 26 shares in the last quarter. WPG Advisers LLC acquired a new stake in Casey’s General Stores during the 1st quarter valued at approximately $47,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Casey’s General Stores by 242.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after purchasing an additional 68 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Casey’s General Stores during the 1st quarter valued at approximately $59,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CASY shares. Wells Fargo & Company started coverage on Casey’s General Stores in a research note on Wednesday. They set an “overweight” rating and a $610.00 price objective for the company. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. BMO Capital Markets increased their target price on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Finally, Evercore ISI increased their target price on Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $536.10.

Insider Activity

In related news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the sale, the insider owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Trading Up 1.0%

NASDAQ:CASY opened at $567.05 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $534.08 and its two-hundred day moving average is $498.14. Casey’s General Stores, Inc. has a 52 week low of $372.08 and a 52 week high of $572.18. The company has a market cap of $21.08 billion, a PE ratio of 36.40 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.Casey’s General Stores’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.83 EPS. On average, analysts predict 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 declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is 14.63%.

Casey’s General Stores Company 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.