Casey’s General Stores, Inc. $CASY Shares Sold by Dakota Wealth Management

Dakota Wealth Management trimmed its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,847 shares of the company’s stock after selling 820 shares during the quarter. Dakota Wealth Management owned 0.07% of Casey’s General Stores worth $14,612,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC increased its stake in Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after buying an additional 113 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Casey’s General Stores by 129.6% during the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after acquiring an additional 105 shares during the period. Ethic Inc. raised its stake in shares of Casey’s General Stores by 5.0% in the second quarter. Ethic Inc. now owns 2,625 shares of the company’s stock valued at $1,329,000 after acquiring an additional 124 shares in the last quarter. AlphaQuest LLC purchased a new position in Casey’s General Stores in the second quarter valued at $211,000. Finally, Envestnet Asset Management Inc. grew its stake in Casey’s General Stores by 9.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 448,919 shares of the company’s stock worth $229,070,000 after purchasing an additional 37,625 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $671.75 on Tuesday. The firm has a market cap of $24.90 billion, a P/E ratio of 41.31, a P/E/G ratio of 2.36 and a beta of 0.68. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $678.67. The business’s 50-day moving average price is $611.07 and its 200 day moving average price is $564.19. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $4.85 EPS. On average, equities research analysts expect 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 was paid on Friday, February 13th. Shareholders of record on Sunday, February 1st were given a dividend of $0.57 per share. The ex-dividend date was Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 14.02%.

Insider Activity at Casey’s General Stores

In other news, Director Moats Maria Castanon bought 300 shares of the stock in a transaction dated Monday, January 5th. The shares were acquired at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the acquisition, the director directly owned 803 shares in the company, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft set a $688.00 price target on shares of Casey’s General Stores in a research note on Thursday, January 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $700.00 price objective on shares of Casey’s General Stores in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $615.50.

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.