Choreo LLC Increases Holdings in Casey’s General Stores, Inc. $CASY

Choreo LLC grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 42.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,424 shares of the company’s stock after buying an additional 717 shares during the period. Choreo LLC’s holdings in Casey’s General Stores were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Steph & Co. boosted its holdings in Casey’s General Stores by 2.2% in the third quarter. Steph & Co. now owns 819 shares of the company’s stock valued at $463,000 after purchasing an additional 18 shares in the last quarter. LifeWealth Investments LLC boosted its holdings in Casey’s General Stores by 2.1% in the third quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock valued at $485,000 after purchasing an additional 18 shares in the last quarter. Central Pacific Bank Trust Division boosted 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 purchasing an additional 19 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Casey’s General Stores by 9.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock valued at $128,000 after purchasing an additional 19 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings 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 in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Casey’s General Stores

In other news, Director Mike Spanos acquired 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the acquisition, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the sale, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This trade represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CASY shares. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Wall Street Zen downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Royal Bank Of Canada upped their price objective on shares of Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. The Goldman Sachs Group upped their price objective on shares of Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Finally, Stephens restated an “overweight” rating and issued a $680.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, March 10th. 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 stock presently has an average rating of “Moderate Buy” and an average price target of $700.09.

Casey’s General Stores Price Performance

CASY stock opened at $736.83 on Thursday. The company has a market capitalization of $27.23 billion, a P/E ratio of 42.30, a PEG ratio of 2.42 and a beta of 0.61. Casey’s General Stores, Inc. has a twelve month low of $430.00 and a twelve month high of $774.23. The business has a 50 day simple moving average of $691.15 and a 200-day simple moving average of $610.26. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data 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. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.33 earnings per share. As a group, equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS 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. Stockholders of record on Friday, May 1st will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio is presently 13.09%.

Casey’s General Stores Profile

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.