Exchange Traded Concepts LLC Buys 988 Shares of Casey’s General Stores, Inc. $CASY

Exchange Traded Concepts LLC lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 61.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,584 shares of the company’s stock after purchasing an additional 988 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Casey’s General Stores were worth $1,428,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Steph & Co. grew its stake in Casey’s General Stores by 2.2% during the third quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after buying an additional 18 shares in the last quarter. LifeWealth Investments LLC increased its holdings in Casey’s General Stores by 2.1% in the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock valued at $485,000 after buying an additional 18 shares during the period. Central Pacific Bank Trust Division raised its position in shares of Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after buying an additional 19 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Casey’s General Stores by 9.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock valued at $128,000 after buying an additional 19 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Casey’s General Stores by 2.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock worth $409,000 after acquiring an additional 20 shares during the period. Institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of several analyst reports. Evercore set a $665.00 price target on shares of Casey’s General Stores and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Northcoast Research cut Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Jefferies Financial Group raised their target price on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a research note on Thursday, January 8th. Finally, Bank of America began coverage on Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating for the company. Eight analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $700.09.

Casey’s General Stores Trading Up 1.3%

Shares of Casey’s General Stores stock opened at $737.16 on Thursday. The firm has a market capitalization of $27.25 billion, a PE ratio of 42.32, a price-to-earnings-growth ratio of 2.37 and a beta of 0.60. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The firm’s 50 day moving average is $666.72 and its 200 day moving average is $596.63. Casey’s General Stores, Inc. has a 1 year low of $397.80 and a 1 year high of $738.00.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The firm’s revenue was up .3% compared to the same quarter last year. Equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, May 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is 13.09%.

Insider Activity

In other news, Director Moats Maria Castanon acquired 300 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were bought 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 $445,391.98. The trade was a 59.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mike Spanos acquired 300 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares in the company, valued at $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 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.