First Nebraska Trust Co Invests $931,000 in Casey’s General Stores, Inc. $CASY

First Nebraska Trust Co bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,172 shares of the company’s stock, valued at approximately $931,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kathmere Capital Management LLC boosted its stake in Casey’s General Stores by 3.5% during the 1st quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock worth $282,000 after purchasing an additional 13 shares during the period. Pinnacle Bancorp Inc. increased its stake in Casey’s General Stores by 4.8% in the first quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock valued at $221,000 after purchasing an additional 14 shares during the period. Lincoln Capital LLC increased its stake in Casey’s General Stores by 4.0% in the second quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock valued at $291,000 after purchasing an additional 14 shares during the period. Menard Financial Group LLC increased its stake in Casey’s General Stores by 1.2% in the fourth quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock valued at $700,000 after purchasing an additional 15 shares during the period. Finally, Cibc World Market Inc. raised its holdings in shares of Casey’s General Stores by 0.3% in the fourth quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock valued at $2,839,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, 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 value of $1,600,000.00. Following the sale, the insider owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. The trade was a 23.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Allison M. Wing sold 530 shares of Casey’s General Stores 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 completion of the sale, the director directly owned 3,042 shares in the company, valued at $2,547,918.36. This represents a 14.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,243 shares of company stock valued at $24,421,877 over the last 90 days. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CASY shares. William Blair assumed coverage on shares of Casey’s General Stores in a research note on Wednesday, May 20th. They set an “outperform” rating for the company. Evercore restated an “outperform” rating and issued a $990.00 price target on shares of Casey’s General Stores in a research report on Friday, June 12th. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Capital One Financial started coverage on Casey’s General Stores in a research note on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price objective for the company. Finally, KeyCorp increased 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. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $944.20.

Casey’s General Stores Stock Up 0.9%

Shares of Casey’s General Stores stock opened at $835.74 on Friday. The company has a market cap of $30.93 billion, a P/E ratio of 43.62, a PEG ratio of 2.86 and a beta of 0.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. Casey’s General Stores, Inc. has a one year low of $490.00 and a one year high of $927.85. The firm has a fifty day moving average of $837.28 and a two-hundred day moving average of $775.89.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping the consensus estimate of $3.31 by $1.06. The company had revenue of $4.57 billion during 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 business’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the business earned $2.63 EPS. On average, analysts forecast that Casey’s General Stores, Inc. will post 21.11 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Saturday, August 1st were given a $0.65 dividend. The ex-dividend date was Friday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s payout ratio is 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.