Interchange Capital Partners LLC Makes New $374,000 Investment in Casey’s General Stores, Inc. $CASY

Interchange Capital Partners LLC purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, Holdings Channel reports. The firm purchased 676 shares of the company’s stock, valued at approximately $374,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its position in shares of Casey’s General Stores by 6.4% in the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after purchasing an additional 113 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Casey’s General Stores by 129.6% in the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after purchasing an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Casey’s General Stores by 431.7% in the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after purchasing an additional 177 shares in the last quarter. Amundi acquired a new stake in Casey’s General Stores in the 2nd quarter valued at $338,000. Finally, Jump Financial LLC increased its stake in Casey’s General Stores by 42.6% in the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock valued at $494,000 after buying an additional 289 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 transaction, the insider directly owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 300 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the acquisition, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is owned by insiders.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $781.50 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The stock’s fifty day moving average price is $715.05 and its two-hundred day moving average price is $625.60. Casey’s General Stores, Inc. has a one year low of $430.00 and a one year high of $806.49. The firm has a market cap of $28.88 billion, a price-to-earnings 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 earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share. On average, equities analysts forecast that Casey’s General Stores, Inc. will post 18.1 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid 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 payout ratio is 13.09%.

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Casey’s General Stores in a research note on Thursday, March 26th. They set a “neutral” rating and a $719.00 price objective for the company. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group upped their target price on Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Jefferies Financial Group raised their price target on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $725.09.

Casey’s General Stores Profile

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.