Trueblood Wealth Management LLC Invests $306,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Trueblood Wealth Management LLC bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, HoldingsChannel reports. The fund bought 1,113 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors and hedge funds have also modified their holdings of CASY. American Century Companies Inc. increased its holdings in Casey’s General Stores by 16.2% during the first quarter. American Century Companies Inc. now owns 12,483 shares of the company’s stock worth $2,474,000 after buying an additional 1,736 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Casey’s General Stores by 13.5% in the 1st quarter. Private Advisor Group LLC now owns 2,478 shares of the company’s stock valued at $491,000 after purchasing an additional 294 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Casey’s General Stores by 3.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,736 shares of the company’s stock worth $344,000 after purchasing an additional 54 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Casey’s General Stores by 9.8% in the first quarter. Great West Life Assurance Co. Can now owns 21,127 shares of the company’s stock valued at $4,311,000 after buying an additional 1,880 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in Casey’s General Stores by 1.9% in the 1st quarter. Yousif Capital Management LLC now owns 15,024 shares of the company’s stock valued at $2,977,000 after acquiring an additional 273 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CASY has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Benchmark reaffirmed a “buy” rating and issued a $312.00 target price on shares of Casey’s General Stores in a report on Wednesday, March 6th. BMO Capital Markets lifted their price target on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, Royal Bank of Canada upped their price objective on shares of Casey’s General Stores from $291.00 to $296.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $309.00.

Insiders Place Their Bets

In related news, Director Mike Spanos purchased 725 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were purchased at an average cost of $275.43 per share, for a total transaction of $199,686.75. Following the completion of the transaction, the director now directly owns 1,791 shares in the company, valued at approximately $493,295.13. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.47% of the company’s stock.

Casey’s General Stores Stock Down 0.1 %

CASY traded down $0.24 during midday trading on Thursday, hitting $318.45. The company had a trading volume of 245,537 shares, compared to its average volume of 274,474. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 2.52 and a beta of 0.83. The stock’s 50 day moving average price is $293.44 and its 200 day moving average price is $281.51. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. Casey’s General Stores, Inc. has a 52 week low of $212.50 and a 52 week high of $324.40.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. Casey’s General Stores’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.36 EPS. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 12.88 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio is currently 13.67%.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.