2,193 Shares in Casey’s General Stores, Inc. $CASY Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 2,193 shares of the company’s stock, valued at approximately $1,743,000.

Several other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after buying an additional 113 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Casey’s General Stores by 129.6% in the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after acquiring an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Casey’s General Stores by 431.7% in the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after acquiring an additional 177 shares in the last quarter. Amundi acquired a new stake in shares of Casey’s General Stores in the second quarter worth approximately $338,000. Finally, Jump Financial LLC boosted its stake in shares of Casey’s General Stores by 42.6% in the second quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after acquiring an additional 289 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Trading Up 0.9%

Shares of Casey’s General Stores stock opened at $835.74 on Friday. The stock has a market cap of $30.93 billion, a P/E ratio of 43.62, a P/E/G ratio of 2.83 and a beta of 0.61. The stock’s 50 day simple moving average is $837.28 and its 200-day simple moving average is $775.89. Casey’s General Stores, Inc. has a 1-year low of $490.00 and a 1-year 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.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the business earned $2.63 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. Analysts predict that Casey’s General Stores, Inc. will post 21.11 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Saturday, August 1st were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, July 31st. Casey’s General Stores’s dividend payout ratio is presently 13.57%.

Insider Buying and Selling

In other news, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction on Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the transaction, the insider owned 6,668 shares in the company, valued at $5,334,400. The trade was a 23.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Allison M. Wing sold 530 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the transaction, the director directly owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,243 shares of company stock worth $24,421,877 over the last quarter. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CASY shares. JPMorgan Chase & Co. boosted their price target on Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. KeyCorp raised their price objective on Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. BMO Capital Markets raised shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $950.00 target price on the stock in a research note on Monday, June 29th. Evercore reaffirmed an “outperform” rating and set a $990.00 target price on shares of Casey’s General Stores in a report on Friday, June 12th. Finally, Stephens set a $975.00 target price on shares of Casey’s General Stores and gave the company an “overweight” rating in a research report on Friday, June 12th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $944.20.

Get Our Latest Report on CASY

Casey’s General Stores Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey’s General Stores, Inc. (NASDAQ:CASYFree Report).

Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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