Crestwood Advisors Group LLC Invests $399,000 in Casey’s General Stores, Inc. $CASY

Crestwood Advisors Group LLC purchased a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 722 shares of the company’s stock, valued at approximately $399,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in Casey’s General Stores by 35.4% in the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after acquiring an additional 206,777 shares during the last quarter. Franklin Resources Inc. boosted its stake in Casey’s General Stores by 7.0% during the 3rd quarter. Franklin Resources Inc. now owns 758,212 shares of the company’s stock valued at $428,632,000 after purchasing an additional 49,319 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Casey’s General Stores by 5.0% in the 3rd quarter. Invesco Ltd. now owns 507,998 shares of the company’s stock worth $287,182,000 after purchasing an additional 24,091 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Casey’s General Stores by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 447,265 shares of the company’s stock worth $252,832,000 after purchasing an additional 8,781 shares during the last quarter. Finally, Capital World Investors raised its stake in shares of Casey’s General Stores by 1.8% in the third quarter. Capital World Investors now owns 418,870 shares of the company’s stock worth $236,796,000 after purchasing an additional 7,428 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Activity

In related news, insider Katrina S. Lindsey sold 200 shares of the business’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 sale, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mike Spanos bought 300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director directly owned 4,499 shares of the company’s stock, valued at $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 corporate insiders.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $859.49 on Monday. The stock has a market capitalization of $31.77 billion, a price-to-earnings ratio of 49.34, a PEG ratio of 2.38 and a beta of 0.65. Casey’s General Stores, Inc. has a 1-year low of $430.00 and a 1-year high of $868.08. 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 business’s fifty day moving average price is $729.25 and its 200-day moving average price is $634.05.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.Casey’s General Stores’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 earnings per share. On average, equities analysts predict that Casey’s General Stores, Inc. will post 18.24 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey’s General Stores’s payout ratio is currently 13.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CASY shares. UBS Group increased their price objective on Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Evercore reissued an “outperform” rating and issued a $780.00 target price on shares of Casey’s General Stores in a research report on Tuesday, April 21st. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. KeyCorp raised their price target on shares of Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $700.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 4th. One equities 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $725.09.

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.