Casey’s General Stores, Inc. $CASY Shares Bought by Wendell David Associates Inc.

Wendell David Associates Inc. boosted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,975 shares of the company’s stock after buying an additional 120 shares during the period. Wendell David Associates Inc.’s holdings in Casey’s General Stores were worth $3,559,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its position in Casey’s General Stores by 23.9% during the second quarter. International Assets Investment Management LLC now owns 627 shares of the company’s stock worth $320,000 after buying an additional 121 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Casey’s General Stores during the second quarter worth approximately $1,951,000. Koshinski Asset Management Inc. increased its position in Casey’s General Stores by 48.5% during the second quarter. Koshinski Asset Management Inc. now owns 2,336 shares of the company’s stock worth $1,192,000 after buying an additional 763 shares during the period. Stratos Wealth Partners LTD. increased its position in Casey’s General Stores by 3.5% during the second quarter. Stratos Wealth Partners LTD. now owns 14,364 shares of the company’s stock worth $7,330,000 after buying an additional 489 shares during the period. Finally, Nordea Investment Management AB increased its position in Casey’s General Stores by 1.0% during the second quarter. Nordea Investment Management AB now owns 18,504 shares of the company’s stock worth $9,294,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CASY shares. Stephens reiterated an “overweight” rating and issued a $570.00 target price on shares of Casey’s General Stores in a research note on Wednesday, October 8th. BMO Capital Markets lifted their target price on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research note on Wednesday, September 10th. KeyCorp lifted their target price on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Royal Bank Of Canada lifted their target price on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 9th. Finally, Wells Fargo & Company started coverage on Casey’s General Stores in a research note on Wednesday. They issued an “overweight” rating and a $610.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $536.10.

Insider Transactions at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Up 1.0%

CASY opened at $567.05 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The business has a 50 day simple moving average of $534.08 and a 200-day simple moving average of $498.14. The stock has a market capitalization of $21.08 billion, a P/E ratio of 36.40 and a beta of 0.68. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating the consensus estimate of $5.02 by $0.75. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the firm earned $4.83 EPS. On average, equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.63%.

Casey’s General Stores 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.