Casey’s General Stores, Inc. $CASY Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1,180.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,063 shares of the company’s stock after acquiring an additional 980 shares during the period. Global Retirement Partners LLC’s holdings in Casey’s General Stores were worth $588,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CASY. Foster Dykema Cabot & Partners LLC acquired a new stake in Casey’s General Stores in the third quarter valued at $25,000. Westside Investment Management Inc. raised its stake 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 valued at $26,000 after buying an additional 23 shares in the last quarter. True Wealth Design LLC raised its stake in Casey’s General Stores by 350.0% in the fourth 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. Central Pacific Bank Trust Division raised its stake 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 buying an additional 19 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Casey’s General Stores in the third quarter valued at $33,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group raised their price target on 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. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. UBS Group raised their price target on Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Stephens restated an “overweight” rating and issued a $680.00 price target on shares of Casey’s General Stores in a research note on Tuesday, March 10th. Finally, KeyCorp raised their price target on Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $752.36.

Insider Activity

In related news, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the transaction, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at $2,758,798.56. This trade represents a 4.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Down 3.1%

CASY opened at $784.38 on Thursday. The business’s 50-day simple moving average is $776.77 and its 200-day simple moving average is $665.14. 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 one year low of $433.16 and a one year high of $901.00. The stock has a market capitalization of $28.99 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Analysts anticipate that Casey’s General Stores, Inc. will post 18.19 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, May 1st. Casey’s General Stores’s payout ratio is 13.09%.

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.