Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by WD Rutherford LLC

WD Rutherford LLC lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,597 shares of the company’s stock after purchasing an additional 172 shares during the period. Casey’s General Stores makes up about 2.1% of WD Rutherford LLC’s holdings, making the stock its 19th biggest position. WD Rutherford LLC’s holdings in Casey’s General Stores were worth $3,993,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. JLB & Associates Inc. increased its stake in Casey’s General Stores by 4.5% in the 1st quarter. JLB & Associates Inc. now owns 44,974 shares of the company’s stock worth $19,521,000 after purchasing an additional 1,945 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Casey’s General Stores by 10.8% in the first quarter. QRG Capital Management Inc. now owns 1,028 shares of the company’s stock worth $446,000 after buying an additional 100 shares during the period. Sagespring Wealth Partners LLC purchased a new position in shares of Casey’s General Stores in the first quarter worth approximately $202,000. Trust Point Inc. raised its holdings in shares of Casey’s General Stores by 2.5% during the first quarter. Trust Point Inc. now owns 1,410 shares of the company’s stock valued at $612,000 after acquiring an additional 35 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Casey’s General Stores by 12.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,237 shares of the company’s stock valued at $1,405,000 after acquiring an additional 362 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Allison M. Wing sold 1,000 shares of Casey’s General Stores stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $502.16, for a total transaction of $502,160.00. Following the sale, the director now owns 3,058 shares in the company, valued at $1,535,605.28. The trade was a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina S. Lindsey sold 250 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the sale, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. The trade was a 9.28% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

CASY has been the topic of several recent analyst reports. Stephens reissued an “overweight” rating and set a $490.00 target price on shares of Casey’s General Stores in a research note on Tuesday, June 10th. Evercore ISI lifted their price target on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. The Goldman Sachs Group increased their price objective on Casey’s General Stores from $385.00 to $450.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 11th. Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. Finally, BMO Capital Markets upped their target price on Casey’s General Stores from $450.00 to $515.00 and gave the company a “market perform” rating in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $453.00.

Casey’s General Stores Stock Performance

CASY stock opened at $506.39 on Tuesday. The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 2.40 and a beta of 0.65. Casey’s General Stores, Inc. has a 12 month low of $350.52 and a 12 month high of $512.88. The firm has a 50 day moving average of $455.46 and a two-hundred day moving average of $427.03. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $1.94 by $0.69. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.95 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.34 earnings per share. As a group, equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, August 1st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.45%. Casey’s General Stores’s payout ratio is 15.57%.

Casey’s General Stores Company 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.