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

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, Holdings Channel reports. The fund purchased 865 shares of the company’s stock, valued at approximately $478,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Casey’s General Stores during the third quarter valued at $25,000. Westside Investment Management Inc. lifted its holdings 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 during the period. Central Pacific Bank Trust Division lifted 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 worth $30,000 after purchasing an additional 19 shares during the period. True Wealth Design LLC grew its position 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 valued at $30,000 after buying an additional 42 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Casey’s General Stores in the 3rd quarter valued at about $33,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $743.42 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $671.61 and its 200 day moving average price is $599.54. Casey’s General Stores, Inc. has a 52-week low of $397.80 and a 52-week high of $746.57. The firm 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 issued its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company earned $2.33 EPS. Casey’s General Stores’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, May 1st. Casey’s General Stores’s payout ratio is presently 13.09%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CASY shares. Royal Bank Of Canada boosted their price target on shares of Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. UBS Group increased their price objective on shares of Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. assumed coverage on shares of Casey’s General Stores in a research note on Thursday, March 26th. They set a “neutral” rating and a $719.00 price objective on the stock. Stephens reissued an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a report on Tuesday, March 10th. Finally, Jefferies Financial Group upped their target price 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. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $700.09.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, 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 transaction, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director directly owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This represents a 7.14% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.54% of the stock is owned by corporate insiders.

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.