LifeWealth Investments LLC Makes New $323,000 Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

LifeWealth Investments LLC bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 1st quarter, HoldingsChannel reports. The fund bought 745 shares of the company’s stock, valued at approximately $323,000.

Other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc bought a new position in Casey’s General Stores during the first quarter worth $25,000. Global Financial Private Client LLC raised its holdings in shares of Casey’s General Stores by 325.0% during the first quarter. Global Financial Private Client LLC now owns 68 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the period. Whipplewood Advisors LLC lifted its position in shares of Casey’s General Stores by 160.0% in the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company’s stock worth $51,000 after buying an additional 72 shares during the last quarter. Heck Capital Advisors LLC bought a new position in shares of Casey’s General Stores in the 4th quarter worth about $79,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Casey’s General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after buying an additional 52 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Insider Transactions at Casey’s General Stores

In other news, Director Allison M. Wing sold 1,000 shares of Casey’s General Stores stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $502.16, for a total transaction of $502,160.00. Following the transaction, the director now directly owns 3,058 shares in the company, valued at approximately $1,535,605.28. This trade represents a 24.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 250 shares of the business’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the sale, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This represents a 9.28% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Up 0.2%

NASDAQ:CASY opened at $507.63 on Wednesday. The stock has a market cap of $18.84 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 2.53 and a beta of 0.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. Casey’s General Stores, Inc. has a 1 year low of $350.52 and a 1 year high of $512.88. The business has a fifty day moving average of $456.82 and a 200-day moving average of $427.59.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.69. The business 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 3.43% and a return on equity of 16.28%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 earnings per share. 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 declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.45%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 1st. Casey’s General Stores’s payout ratio is 13.66%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CASY. Royal Bank Of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. KeyCorp upped their target price on Casey’s General Stores from $500.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, June 11th. BMO Capital Markets raised their price target on Casey’s General Stores from $450.00 to $515.00 and gave the stock a “market perform” rating in a report on Wednesday, June 11th. Evercore ISI boosted their price objective on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Finally, Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $453.00.

About Casey’s General Stores

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.