Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. boosted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 49.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,368 shares of the company’s stock after purchasing an additional 783 shares during the period. Atria Wealth Solutions Inc.’s holdings in Casey’s General Stores were worth $651,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CASY. BKM Wealth Management LLC purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth approximately $29,000. McGlone Suttner Wealth Management Inc. acquired a new position in Casey’s General Stores in the 4th quarter valued at $36,000. Harvest Fund Management Co. Ltd purchased a new position in Casey’s General Stores in the third quarter worth $38,000. Milestone Investment Advisors LLC acquired a new stake in shares of Casey’s General Stores during the 3rd quarter valued at approximately $43,000. Finally, Blue Trust Inc. increased its position in shares of Casey’s General Stores by 81.7% in the fourth quarter. Blue Trust Inc. now owns 169 shares of the company’s stock valued at $46,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $313.92 on Friday. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.30 and a beta of 0.82. The company’s 50-day simple moving average is $310.66 and its 200-day simple moving average is $289.28. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89. Casey’s General Stores, Inc. has a one year low of $212.50 and a one year high of $324.40.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating the consensus estimate 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%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.36 EPS. Equities analysts anticipate that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.43 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.55%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Benchmark reissued a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 6th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Evercore ISI cut their price objective on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, BMO Capital Markets boosted their target price on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.63.

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.