HB Wealth Management LLC Has $399,000 Holdings in Casey’s General Stores, Inc. $CASY

HB Wealth Management LLC decreased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 14.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 781 shares of the company’s stock after selling 137 shares during the quarter. HB Wealth Management LLC’s holdings in Casey’s General Stores were worth $399,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Casey’s General Stores during the 1st quarter worth about $32,000. Iron Horse Wealth Management LLC increased its position in shares of Casey’s General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after acquiring an additional 26 shares during the last quarter. WPG Advisers LLC bought a new stake in Casey’s General Stores during the first quarter worth about $47,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Casey’s General Stores by 242.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock worth $49,000 after acquiring an additional 68 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Casey’s General Stores during the first quarter valued at approximately $59,000. Institutional investors own 85.63% of the company’s stock.

Insider Activity

In other news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the transaction, the insider owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Trading Up 1.1%

CASY opened at $567.48 on Monday. The stock has a market capitalization of $21.10 billion, a price-to-earnings ratio of 36.42 and a beta of 0.68. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. Casey’s General Stores, Inc. has a twelve month low of $366.00 and a twelve month high of $571.57. The company has a 50-day simple moving average of $526.40 and a 200 day simple moving average of $489.36.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same period in the previous year, the company earned $4.83 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.63%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CASY. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. The Goldman Sachs Group boosted their target price on shares of Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. KeyCorp upped their price target on shares of Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Saturday, September 27th. Finally, Royal Bank Of Canada boosted their price objective on shares of Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 9th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $529.10.

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.