CreativeOne Wealth LLC Purchases 260 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

CreativeOne Wealth LLC raised its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 25.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,262 shares of the company’s stock after purchasing an additional 260 shares during the quarter. CreativeOne Wealth LLC’s holdings in Casey’s General Stores were worth $500,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CASY. Sanctuary Advisors LLC raised its holdings in shares of Casey’s General Stores by 55.6% in the 4th quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company’s stock worth $3,629,000 after acquiring an additional 3,065 shares during the last quarter. Scholtz & Company LLC purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $2,375,000. JLB & Associates Inc. lifted its holdings in shares of Casey’s General Stores by 1.8% in the fourth quarter. JLB & Associates Inc. now owns 43,029 shares of the company’s stock valued at $17,049,000 after purchasing an additional 749 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Casey’s General Stores by 9.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company’s stock valued at $21,131,000 after buying an additional 4,458 shares during the last quarter. Finally, South Dakota Investment Council grew its holdings in Casey’s General Stores by 28.0% during the fourth quarter. South Dakota Investment Council now owns 10,065 shares of the company’s stock worth $3,988,000 after buying an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CASY. KeyCorp assumed coverage on shares of Casey’s General Stores in a report on Friday, April 11th. They set an “overweight” rating and a $500.00 price objective on the stock. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. StockNews.com cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Evercore ISI upped their target price 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. Finally, Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $430.33.

Casey’s General Stores Trading Up 0.6 %

Shares of Casey’s General Stores stock opened at $460.07 on Friday. The stock has a market capitalization of $17.08 billion, a P/E ratio of 32.06, a P/E/G ratio of 2.40 and a beta of 0.74. Casey’s General Stores, Inc. has a 52-week low of $307.01 and a 52-week high of $468.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The stock’s 50-day simple moving average is $421.46 and its 200 day simple moving average is $410.47.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.57. The company had revenue of $3.90 billion for the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 earnings per share. As a group, research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s payout ratio is currently 13.94%.

Insider Activity

In other news, Director Mike Spanos acquired 256 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares of the company’s stock, valued at $1,310,652.24. The trade was a 8.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Katrina S. Lindsey sold 250 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This trade represents a 9.28 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

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.