Severin Investments LLC Buys Shares of 1,227 Casey’s General Stores, Inc. $CASY

Severin Investments LLC bought a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,227 shares of the company’s stock, valued at approximately $678,000.

Several other large investors have also modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Casey’s General Stores by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after buying an additional 52,250 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in shares of Casey’s General Stores by 4.4% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 6,946 shares of the company’s stock valued at $3,839,000 after buying an additional 292 shares during the period. Expressive Wealth LLC purchased a new position in shares of Casey’s General Stores during the fourth quarter valued at approximately $473,000. Jackson Creek Investment Advisors LLC purchased a new position in shares of Casey’s General Stores during the fourth quarter valued at approximately $1,338,000. Finally, Integrity Alliance LLC. boosted its position in shares of Casey’s General Stores by 3.1% during the fourth quarter. Integrity Alliance LLC. now owns 7,728 shares of the company’s stock valued at $4,272,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the subject of several recent analyst reports. Stephens restated an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Wall Street Zen lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $700.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $752.36.

Casey’s General Stores Stock Performance

Shares of NASDAQ:CASY opened at $784.38 on Thursday. The company has a market capitalization of $28.99 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.65. Casey’s General Stores, Inc. has a 52 week low of $433.16 and a 52 week high of $901.00. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average of $776.77 and a 200 day moving average of $665.14.

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

Casey’s General Stores Dividend Announcement

The firm also recently disclosed 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 payout ratio is 13.09%.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mike Spanos purchased 300 shares of Casey’s General Stores stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the transaction, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This represents a 7.14% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.54% of the company’s stock.

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.