Casey’s General Stores, Inc. $CASY Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.2% during the first quarter, Holdings Channel reports. The institutional investor owned 14,804 shares of the company’s stock after purchasing an additional 1,728 shares during the quarter. Kestra Advisory Services LLC’s holdings in Casey’s General Stores were worth $10,775,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in shares of 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 purchasing an additional 113 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Casey’s General Stores by 431.7% during the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after buying an additional 177 shares in the last quarter. Amundi acquired a new position in Casey’s General Stores during the second quarter worth about $338,000. Finally, Jump Financial LLC grew its position in Casey’s General Stores by 42.6% during the second quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after buying an additional 289 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CASY. Capital One Financial began coverage on shares of Casey’s General Stores in a research report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price target for the company. The Goldman Sachs Group lifted their price objective on Casey’s General Stores from $695.00 to $795.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. William Blair started coverage on Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,000.00 price target on shares of Casey’s General Stores in a research note on Monday, June 15th. Finally, Stephens set a $975.00 target price on shares of Casey’s General Stores and gave the company an “overweight” rating in a report on Friday, June 12th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average target price of $939.29.

Casey’s General Stores News Roundup

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Jim Cramer said he would “buy 10 shares” of Casey’s General Stores every three weeks, which may reinforce a constructive long-term view among retail investors. Jim Cramer Suggests Buying 10 Casey’s Shares Every Three Weeks
• Positive Sentiment: Casey’s recently boosted its quarterly dividend to $0.65 per share from $0.57, signaling confidence in cash flow and shareholder returns.
• Positive Sentiment: The company’s latest earnings beat expectations, with revenue and EPS both coming in above estimates, which continues to support the stock’s longer-term strength.
• Neutral Sentiment: Short-interest data showed 0 reported shares, so there is no meaningful bearish short positioning signal in the latest update.
• Negative Sentiment: CEO Darren Rebelez sold 19,000 shares, a sizable reduction in his holdings, which can weigh on sentiment even if the sale was preplanned or personal. SEC Filing
• Negative Sentiment: CFO Stephen P. Bramlage, Jr. also sold 5,700 shares, adding to the impression that insiders are taking profits after the stock’s recent rally. SEC Filing

Insider Activity

In related news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the sale, the chief financial officer owned 29,677 shares in the company, valued at approximately $24,874,074.32. This trade represents a 16.11% 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 this hyperlink. Also, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction that occurred 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 completion of the sale, the insider directly owned 6,668 shares of the company’s stock, valued at $5,334,400. The trade was a 23.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,243 shares of company stock valued at $24,421,877 in the last 90 days. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $819.83 on Monday. The firm has a 50-day moving average price of $823.60 and a 200 day moving average price of $723.22. Casey’s General Stores, Inc. has a twelve month low of $490.00 and a twelve month high of $927.85. The company has a market capitalization of $30.34 billion, a price-to-earnings ratio of 42.79, a PEG ratio of 2.46 and a beta of 0.62. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $1.06. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $2.63 EPS. Research analysts forecast that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is currently 13.57%.

Casey’s General Stores 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.