Foundations Investment Advisors LLC Invests $385,000 in Casey’s General Stores, Inc. $CASY

Foundations Investment Advisors LLC acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 697 shares of the company’s stock, valued at approximately $385,000.

A number of other institutional investors have also made changes to their positions in the business. Baker Avenue Asset Management LP bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $561,000. Severin Investments LLC bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $678,000. Geode Capital Management LLC increased its stake in shares of Casey’s General Stores by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock worth $420,416,000 after purchasing an additional 52,250 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in shares of Casey’s General Stores by 4.4% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 6,946 shares of the company’s stock worth $3,839,000 after purchasing an additional 292 shares during the period. Finally, Expressive Wealth LLC bought a new position in shares of Casey’s General Stores in the fourth quarter worth about $473,000. 85.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group lifted their price objective on Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. Wells Fargo & Company lifted their target price on Casey’s General Stores from $745.00 to $910.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group lifted their target price on Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $752.36.

Casey’s General Stores Stock Up 1.2%

CASY stock opened at $754.21 on Wednesday. Casey’s General Stores, Inc. has a twelve month low of $433.16 and a twelve month high of $901.00. The company has a market cap of $27.88 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. The business’s 50-day simple moving average is $782.11 and its 200 day simple moving average is $669.99. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly 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. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 earnings per share. On average, research analysts anticipate that Casey’s General Stores, Inc. will post 18.19 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were paid a dividend of $0.57 per share. The ex-dividend date was Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.09%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 300 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the purchase, the director directly owned 4,499 shares in the company, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the firm’s 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 transaction, the insider owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. This 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 owned by company insiders.

Casey’s General Stores Company 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.