Aaron Wealth Advisors LLC Increases Stake in Casey’s General Stores, Inc. $CASY

Aaron Wealth Advisors LLC boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 169.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,328 shares of the company’s stock after purchasing an additional 2,095 shares during the period. Aaron Wealth Advisors LLC’s holdings in Casey’s General Stores were worth $1,839,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Foster Dykema Cabot & Partners LLC purchased a new position in Casey’s General Stores in the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. increased its stake in Casey’s General Stores by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 23 shares during the period. Central Pacific Bank Trust Division increased its stake in 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 worth $30,000 after purchasing an additional 19 shares during the period. True Wealth Design LLC increased its stake in Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in Casey’s General Stores in the 3rd quarter worth approximately $33,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $741.82 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores, Inc. has a fifty-two week low of $410.01 and a fifty-two week high of $757.25. The firm has a market cap of $27.42 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.42 and a beta of 0.61. The business’s 50 day moving average price is $676.72 and its 200-day moving average price is $602.35.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last released its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $4.08 billion. During the same period in the previous year, the company posted $2.33 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given 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 payout ratio is currently 13.09%.

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the transaction, 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. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the sale, the insider owned 4,039 shares in the company, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $700.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research report on Thursday, January 8th. Jefferies Financial Group lifted their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Bank of America assumed coverage on Casey’s General Stores in a research report on Friday, January 9th. They issued a “buy” rating on the stock. Finally, Stephens reiterated an “overweight” rating and issued a $680.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average target price of $700.09.

View Our Latest Analysis on CASY

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Casey’s General Stores Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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