Advisor OS LLC Acquires 815 Shares of Casey’s General Stores, Inc. $CASY

Advisor OS LLC increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 38.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 2,946 shares of the company’s stock after buying an additional 815 shares during the quarter. Advisor OS LLC’s holdings in Casey’s General Stores were worth $1,665,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CASY. Steph & Co. raised its position in Casey’s General Stores by 2.2% in the third quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after acquiring an additional 18 shares during the period. LifeWealth Investments LLC raised its holdings in shares of Casey’s General Stores by 2.1% in the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock worth $485,000 after purchasing an additional 18 shares during the period. AdvisorNet Financial Inc lifted its stake in Casey’s General Stores by 2.8% in the third quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after purchasing an additional 20 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in Casey’s General Stores by 0.5% in the second quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock valued at $2,116,000 after purchasing an additional 21 shares during the last quarter. Finally, Eukles Asset Management grew its holdings in Casey’s General Stores by 0.5% during the third quarter. Eukles Asset Management now owns 4,253 shares of the company’s stock valued at $2,404,000 after purchasing an additional 21 shares during the period. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the topic of several research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $530.00 target price on shares of Casey’s General Stores in a research note on Wednesday, December 10th. KeyCorp restated an “overweight” rating and issued a $700.00 price objective on shares of Casey’s General Stores in a research note on Thursday, February 12th. Evercore set a $665.00 price objective on shares of Casey’s General Stores and gave the company an “outperform” rating in a report on Tuesday. Stephens lifted their target price on shares of Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $621.00.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $675.74 on Thursday. The company has a 50 day moving average of $616.07 and a 200 day moving average of $566.10. The stock has a market cap of $25.05 billion, a P/E ratio of 41.56, a P/E/G ratio of 2.41 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 $685.54. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. The firm had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $4.85 EPS. As a group, sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Insiders Place Their Bets

In other Casey’s General Stores news, Director Moats Maria Castanon purchased 300 shares of the stock in a transaction on Monday, January 5th. The shares were purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the acquisition, the director directly owned 803 shares in the company, valued at approximately $445,391.98. The trade was a 59.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

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.