Integrated Advisors Network LLC Decreases Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Integrated Advisors Network LLC cut its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 26.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 499 shares of the company’s stock after selling 179 shares during the period. Integrated Advisors Network LLC’s holdings in Casey’s General Stores were worth $216,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CASY. Versant Capital Management Inc bought a new position in shares of Casey’s General Stores during the 1st quarter valued at $25,000. Global Financial Private Client LLC lifted its holdings in Casey’s General Stores by 325.0% in the first quarter. Global Financial Private Client LLC now owns 68 shares of the company’s stock valued at $30,000 after acquiring an additional 52 shares during the period. Whipplewood Advisors LLC boosted its position in Casey’s General Stores by 160.0% in the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company’s stock worth $51,000 after purchasing an additional 72 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Casey’s General Stores in the fourth quarter worth about $79,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Casey’s General Stores by 32.9% during the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after purchasing an additional 52 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the sale, the insider now directly owns 2,443 shares of the company’s stock, valued at $1,067,615.43. This trade represents a 9.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Allison M. Wing sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $502.16, for a total transaction of $502,160.00. Following the completion of the transaction, the director now directly owns 3,058 shares of the company’s stock, valued at approximately $1,535,605.28. This trade represents a 24.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Down 0.2%

Shares of CASY opened at $506.16 on Monday. The business’s 50 day moving average is $453.67 and its 200 day moving average is $426.43. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 12-month low of $350.52 and a 12-month high of $512.88. The company has a market capitalization of $18.79 billion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.69. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the firm posted $2.34 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.57 per share. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, August 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 15.57%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CASY shares. KeyCorp raised their price objective on shares of Casey’s General Stores from $500.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, June 11th. BMO Capital Markets lifted their price target on shares of Casey’s General Stores from $450.00 to $515.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 11th. Stephens reissued an “overweight” rating and set a $490.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, June 10th. Wells Fargo & Company raised their target price on Casey’s General Stores from $460.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday, June 11th. Finally, Evercore ISI lifted their target price on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $453.00.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.