Casey’s General Stores, Inc. $CASY Stock Holdings Lessened by Alps Advisors Inc.

Alps Advisors Inc. lowered its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 91.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 820 shares of the company’s stock after selling 8,577 shares during the quarter. Alps Advisors Inc.’s holdings in Casey’s General Stores were worth $464,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CASY. NewEdge Advisors LLC raised its position in shares of Casey’s General Stores by 6.4% in the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after purchasing an additional 113 shares during the period. Geneos Wealth Management Inc. grew its position in Casey’s General Stores by 129.6% during the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after buying an additional 105 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of Casey’s General Stores by 31.2% during the second quarter. Apollon Wealth Management LLC now owns 614 shares of the company’s stock valued at $313,000 after purchasing an additional 146 shares during the period. CWM LLC raised its stake in shares of Casey’s General Stores by 1.8% in the 2nd quarter. CWM LLC now owns 5,252 shares of the company’s stock valued at $2,680,000 after buying an additional 92 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Casey’s General Stores by 13.0% during the second quarter. Sequoia Financial Advisors LLC now owns 3,232 shares of the company’s stock worth $1,649,000 after purchasing an additional 372 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Moats Maria Castanon bought 300 shares of Casey’s General Stores stock in a transaction that occurred on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director owned 803 shares in the company, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Price Performance

CASY opened at $665.86 on Friday. The stock has a market cap of $24.68 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.35 and a beta of 0.68. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $678.67. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $597.18 and a 200 day simple moving average of $557.60.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period in the previous year, the company posted $4.85 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Sunday, February 1st were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, January 30th. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CASY. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a report on Thursday, January 8th. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Finally, Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $615.50.

About Casey’s General Stores

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.