Inspire Advisors LLC Takes $449,000 Position in Casey’s General Stores, Inc. $CASY

Inspire Advisors LLC purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 881 shares of the company’s stock, valued at approximately $449,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Summit Securities Group LLC bought a new position in shares of Casey’s General Stores during the 1st quarter valued at $32,000. Nvwm LLC bought a new stake in Casey’s General Stores in the 2nd quarter worth approximately $32,000. Rossby Financial LCC lifted its holdings in shares of Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Casey’s General Stores in the second quarter worth $42,000. Finally, WPG Advisers LLC purchased a new position in shares of Casey’s General Stores during the first quarter valued at approximately $47,000. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the sale, the insider owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This represents a 30.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $556.71 on Thursday. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $572.18. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The stock has a market cap of $20.70 billion, a PE ratio of 35.73 and a beta of 0.66. The firm’s fifty day simple moving average is $546.18 and its 200-day simple moving average is $512.43.

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

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Saturday, November 1st were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, October 31st. Casey’s General Stores’s dividend payout ratio is 14.63%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. KeyCorp lifted their price objective on shares of Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Jefferies Financial Group raised their target price on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. Stephens restated an “overweight” rating and issued a $570.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, BMO Capital Markets lifted their price target on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $564.00.

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.