Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires Shares of 865 Casey’s General Stores, Inc. $CASY

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 865 shares of the company’s stock, valued at approximately $478,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CASY. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $25,000. Westside Investment Management Inc. grew its stake in Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 23 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in Casey’s General Stores by 52.8% in the fourth 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 during the last quarter. True Wealth Design LLC increased its holdings in Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Casey’s General Stores during the third quarter valued at approximately $33,000. Institutional investors own 85.63% of the company’s stock.

Insider Activity

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the purchase, the director directly owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This trade represents a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CASY shares. Royal Bank Of Canada increased their target price on Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 10th. UBS Group boosted their price target on Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a research report on Thursday, January 8th. Bank of America started coverage on Casey’s General Stores in a research note on Friday, January 9th. They set a “buy” rating on the stock. Finally, Northcoast Research downgraded shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $700.09.

Casey’s General Stores Price Performance

Shares of CASY opened at $743.42 on Monday. Casey’s General Stores, Inc. has a 12 month low of $397.80 and a 12 month high of $746.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The stock has a fifty day moving average price of $671.61 and a 200 day moving average price of $599.54. The company has a market cap of $27.48 billion, a P/E ratio of 42.68, a PEG ratio of 2.42 and a beta of 0.61.

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

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.09%.

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.