Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 719 shares of the company’s stock after acquiring an additional 40 shares during the period. CHICAGO TRUST Co NA’s holdings in Casey’s General Stores were worth $312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CASY. JPMorgan Chase & Co. increased its holdings in Casey’s General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after acquiring an additional 119,350 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $201,000. WCM Investment Management LLC increased its stake in shares of Casey’s General Stores by 2.8% during the 4th quarter. WCM Investment Management LLC now owns 4,969 shares of the company’s stock worth $1,981,000 after purchasing an additional 133 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Casey’s General Stores during the 4th quarter worth approximately $203,000. Finally, Wealthcare Capital Partners LLC acquired a new position in shares of Casey’s General Stores during the 4th quarter worth approximately $259,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 250 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the transaction, the insider now owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mike Spanos purchased 256 shares of Casey’s General Stores stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares of the company’s stock, valued at $1,310,652.24. This represents a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Down 1.1%

NASDAQ CASY opened at $439.29 on Tuesday. The company has a market cap of $16.31 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.40 and a beta of 0.65. Casey’s General Stores, Inc. has a 12 month low of $322.78 and a 12 month high of $484.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The company has a 50-day moving average of $447.60 and a 200-day moving average of $424.28.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.69. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey’s General Stores’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.34 earnings per share. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.57 per share. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a dividend yield of 0.52%. Casey’s General Stores’s payout ratio is currently 13.94%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CASY. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. KeyCorp began coverage on Casey’s General Stores in a research report on Friday, April 11th. They issued an “overweight” rating and a $500.00 price objective on the stock. Evercore ISI lifted their price objective on Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Stephens raised shares of Casey’s General Stores to a “strong-buy” rating in a research note on Monday, April 7th. Finally, Wall Street Zen lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $430.33.

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.