Casey’s General Stores, Inc. $CASY Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 52.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,031 shares of the company’s stock after acquiring an additional 1,043 shares during the period. Concurrent Investment Advisors LLC’s holdings in Casey’s General Stores were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cannon Global Investment Management LLC acquired a new stake in Casey’s General Stores in the 3rd quarter valued at about $1,018,000. Advisors Capital Management LLC boosted its stake in shares of Casey’s General Stores by 4.4% during the 3rd quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock worth $27,336,000 after purchasing an additional 2,026 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Casey’s General Stores by 1.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock worth $108,065,000 after purchasing an additional 1,950 shares during the last quarter. AE Wealth Management LLC boosted its stake in shares of Casey’s General Stores by 82.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock worth $1,456,000 after purchasing an additional 1,162 shares during the last quarter. Finally, Dillon & Associates Inc. boosted its stake in shares of Casey’s General Stores by 25.1% during the 3rd quarter. Dillon & Associates Inc. now owns 25,737 shares of the company’s stock worth $14,541,000 after purchasing an additional 5,161 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $700.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 4th. UBS Group raised their price target on shares of Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. Jefferies Financial Group raised their price target on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Zacks Research raised shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $725.09.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the acquisition, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This represents a 7.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at $2,758,798.56. The trade was a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Price Performance

CASY opened at $781.50 on Thursday. The company’s 50 day simple moving average is $715.05 and its 200 day simple moving average is $625.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores, Inc. has a 1 year low of $430.00 and a 1 year high of $806.49. The stock has a market capitalization of $28.88 billion, a PE ratio of 44.86, a P/E/G ratio of 2.62 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm posted $2.33 earnings per share. Casey’s General Stores’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts expect that Casey’s General Stores, Inc. will post 18.1 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.09%.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.