Atria Investments Inc Sells 1,510 Shares of Casey’s General Stores, Inc. $CASY

Atria Investments Inc reduced its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 19.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,361 shares of the company’s stock after selling 1,510 shares during the quarter. Atria Investments Inc’s holdings in Casey’s General Stores were worth $3,596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CASY. Westside Investment Management Inc. increased its stake in shares of Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after buying an additional 23 shares during the period. Nvwm LLC purchased a new stake in Casey’s General Stores in the second quarter worth about $32,000. Atlantic Union Bankshares Corp purchased a new stake in Casey’s General Stores in the third quarter worth about $33,000. Cornerstone Planning Group LLC grew its holdings in Casey’s General Stores by 490.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock worth $34,000 after acquiring an additional 54 shares in the last quarter. Finally, Rossby Financial LCC increased its position in Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after purchasing an additional 58 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CASY has been the subject of several research reports. Bank of America initiated coverage on shares of Casey’s General Stores in a research report on Friday, January 9th. They issued a “buy” rating for the company. Stephens increased their target price on Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Finally, UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $615.50.

Casey’s General Stores Stock Up 0.3%

Shares of CASY stock opened at $665.86 on Monday. The stock’s fifty day moving average price is $597.18 and its 200 day moving average price is $558.08. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $678.67. The company has a market cap of $24.68 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 2.35 and a beta of 0.68. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, topping the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter last year, the company earned $4.85 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. On average, research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders 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 of this dividend was Friday, January 30th. Casey’s General Stores’s payout ratio is currently 14.02%.

Insiders Place Their Bets

In related news, Director Moats Maria Castanon acquired 300 shares of the stock in a transaction dated Monday, January 5th. The stock was acquired at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the purchase, the director owned 803 shares of the company’s stock, valued at approximately $445,391.98. This represents a 59.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

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.