2,193 Shares in Casey’s General Stores, Inc. $CASY Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,193 shares of the company’s stock, valued at approximately $1,743,000.

Other large investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new stake in Casey’s General Stores in the second quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new stake in Casey’s General Stores during the 1st quarter valued at approximately $33,000. RMG Wealth Management LLC lifted its stake in Casey’s General Stores by 250.0% during the 1st quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock valued at $41,000 after acquiring an additional 40 shares during the period. Johnson Financial Group Inc. purchased a new stake in shares of Casey’s General Stores in the 2nd quarter valued at $55,000. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Casey’s General Stores in the 1st quarter valued at $52,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $835.74 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The stock has a market capitalization of $30.93 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 2.83 and a beta of 0.61. The firm’s 50 day simple moving average is $837.28 and its 200-day simple moving average is $775.89. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the business posted $2.63 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. Analysts expect that Casey’s General Stores, Inc. will post 21.11 EPS for the current year.

Casey’s General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Saturday, August 1st were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, July 31st. Casey’s General Stores’s payout ratio is currently 13.57%.

Analyst Ratings Changes

Several brokerages recently issued reports on CASY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,000.00 target price on shares of Casey’s General Stores in a report on Monday, June 15th. Weiss Ratings lowered shares of Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. increased their price target on Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, BMO Capital Markets upgraded Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 price objective for the company in a research note on Monday, June 29th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $944.20.

Insiders Place Their Bets

In other news, Director Allison M. Wing sold 530 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total transaction of $443,917.40. Following the sale, the director directly owned 3,042 shares in the company, valued at $2,547,918.36. This trade represents a 14.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad Michael Frazell sold 3,013 shares of Casey’s General Stores stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the completion of the transaction, the insider owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. This represents a 23.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 30,243 shares of company stock valued at $24,421,877. Insiders own 0.67% of the company’s stock.

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.