Casey’s General Stores, Inc. $CASY Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1,180.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,063 shares of the company’s stock after acquiring an additional 980 shares during the period. Global Retirement Partners LLC’s holdings in Casey’s General Stores were worth $588,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Casey’s General Stores by 6.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after purchasing an additional 113 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Casey’s General Stores by 129.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after purchasing an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Casey’s General Stores by 431.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after purchasing an additional 177 shares in the last quarter. Amundi purchased a new stake in Casey’s General Stores in the 2nd quarter valued at approximately $338,000. Finally, Jump Financial LLC boosted its holdings in Casey’s General Stores by 42.6% in the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock valued at $494,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the sale, the insider owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos bought 300 shares of Casey’s General Stores stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the purchase, the director owned 4,499 shares in the company, valued at $2,993,769.57. This represents a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is currently owned by corporate insiders.

Casey’s General Stores Price Performance

CASY stock opened at $784.38 on Thursday. Casey’s General Stores, Inc. has a 1 year low of $433.16 and a 1 year high of $901.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The stock’s 50 day moving average price is $776.77 and its 200 day moving average price is $665.14. The firm has a market cap of $28.99 billion, a P/E ratio of 45.03, a PEG ratio of 2.24 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the company earned $2.33 EPS. Casey’s General Stores’s revenue was up .3% on a year-over-year basis. On average, sell-side analysts expect that Casey’s General Stores, Inc. will post 18.19 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 13.09%.

Wall Street Analyst Weigh In

CASY has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Evercore reaffirmed an “outperform” rating and issued a $915.00 price objective on shares of Casey’s General Stores in a report on Monday, May 18th. UBS Group lifted their price objective on Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Royal Bank Of Canada lifted their price objective on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $752.36.

Casey’s General Stores Company 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.