Pittenger & Anderson Inc. lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 12.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,367 shares of the company’s stock after buying an additional 810 shares during the period. Pittenger & Anderson Inc.’s holdings in Casey’s General Stores were worth $5,362,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CASY. NewEdge Advisors LLC increased its position in shares of Casey’s General Stores by 6.4% during the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after purchasing an additional 113 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Casey’s General Stores by 129.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after buying an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Casey’s General Stores by 431.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after acquiring an additional 177 shares during the period. Amundi acquired a new stake in shares of Casey’s General Stores during the 2nd quarter valued at about $338,000. Finally, Jump Financial LLC increased its stake in Casey’s General Stores by 42.6% in the second quarter. Jump Financial LLC now owns 968 shares of the company’s stock valued at $494,000 after acquiring an additional 289 shares during the period. 85.63% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on CASY shares. Stephens set a $975.00 price target on Casey’s General Stores and gave the company an “overweight” rating in a research report on Friday, June 12th. UBS Group increased their price target on shares of Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Wells Fargo & Company lifted their price objective on Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Capital One Financial started coverage on shares of Casey’s General Stores in a research report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 target price for the company. Finally, The Goldman Sachs Group lifted their price objective on shares of Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $939.29.
Key Stories Impacting Casey’s General Stores
Here are the key news stories impacting Casey’s General Stores this week:
- Positive Sentiment: Jim Cramer said he would “buy 10 shares” of Casey’s General Stores every three weeks, which may reinforce a constructive long-term view among retail investors. Jim Cramer Suggests Buying 10 Casey’s Shares Every Three Weeks
- Positive Sentiment: Casey’s recently boosted its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash flow and shareholder returns.
- Positive Sentiment: The company’s latest earnings beat expectations, with revenue and EPS both coming in above estimates, which continues to support the stock’s longer-term strength.
- Neutral Sentiment: Short-interest data showed 0 reported shares, so there is no meaningful bearish short positioning signal in the latest update.
- Negative Sentiment: CEO Darren Rebelez sold 19,000 shares, a sizable reduction in his holdings, which can weigh on sentiment even if the sale was preplanned or personal. SEC Filing
- Negative Sentiment: CFO Stephen P. Bramlage, Jr. also sold 5,700 shares, adding to the impression that insiders are taking profits after the stock’s recent rally. SEC Filing
Casey’s General Stores Stock Down 0.3%
CASY traded down $2.17 during trading on Friday, reaching $819.83. The company had a trading volume of 272,113 shares, compared to its average volume of 558,474. The company has a market cap of $30.34 billion, a P/E ratio of 42.79, a PEG ratio of 2.46 and a beta of 0.62. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85. 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 business’s fifty day moving average price is $823.60 and its 200 day moving average price is $722.17.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the business posted $2.63 earnings per share. Equities analysts anticipate that Casey’s General Stores, Inc. will post 21.14 EPS for the current year.
Casey’s General Stores Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be given a dividend of $0.65 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. Casey’s General Stores’s payout ratio is currently 11.90%.
Insider Buying and Selling at Casey’s General Stores
In other news, CEO Darren M. Rebelez sold 19,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the completion of the transaction, the chief executive officer directly owned 89,174 shares of the company’s stock, valued at $71,469,394.04. This trade represents a 17.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the completion of the sale, the chief financial officer directly owned 29,677 shares in the company, valued at approximately $24,874,074.32. This represents a 16.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,243 shares of company stock valued at $24,421,877 in the last 90 days. 0.54% of the stock is currently owned by corporate insiders.
Casey’s General Stores Profile
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.
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