Compass Financial Management LLC acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 675 shares of the company’s stock, valued at approximately $557,000.
Several other large investors have also recently bought and sold shares of CASY. Whipplewood Advisors LLC bought a new stake in Casey’s General Stores in the 1st quarter valued at $33,000. Bell Investment Advisors Inc bought a new position in shares of Casey’s General Stores during the 2nd quarter worth about $33,000. Larson Financial Group LLC increased its holdings in shares of Casey’s General Stores by 252.4% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock worth $41,000 after purchasing an additional 53 shares during the period. RMG Wealth Management LLC increased its holdings in shares of Casey’s General Stores by 250.0% during the 1st quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock worth $41,000 after purchasing an additional 40 shares during the period. Finally, Elyxium Wealth LLC acquired a new position in shares of Casey’s General Stores during the fourth quarter valued at about $43,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Casey’s General Stores news, Director Allison M. Wing sold 530 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total value of $443,917.40. Following the transaction, the director directly owned 3,042 shares of the company’s stock, valued at approximately $2,547,918.36. This trade represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chad Michael Frazell sold 3,013 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the completion of the transaction, the insider directly owned 9,823 shares in the company, valued at approximately $7,735,514.27. The trade was a 23.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,243 shares of company stock valued at $24,421,877 over the last three months. 0.67% of the stock is owned by insiders.
Casey’s General Stores Price Performance
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last issued its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.Casey’s General Stores’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.63 EPS. Equities analysts forecast that Casey’s General Stores, Inc. will post 21.11 earnings per share for the current fiscal year.
Casey’s General Stores Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors 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 dividend yield of 0.3%. This is a positive change 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 payout ratio is presently 13.57%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on CASY shares. KeyCorp raised their price objective on Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,000.00 target price on shares of Casey’s General Stores in a research note on Monday, June 15th. UBS Group lifted their price target on shares of Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Casey’s General Stores from $719.00 to $975.00 and gave the company a “neutral” rating in a research note 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $944.20.
View Our Latest Stock Report on Casey’s General Stores
Casey’s General Stores Company 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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