Evexia Wealth LLC Has $14.79 Million Holdings in Casey’s General Stores, Inc. $CASY

Evexia Wealth LLC reduced its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,120 shares of the company’s stock after selling 1,271 shares during the period. Casey’s General Stores accounts for approximately 4.2% of Evexia Wealth LLC’s investment portfolio, making the stock its 6th biggest position. Evexia Wealth LLC’s holdings in Casey’s General Stores were worth $14,788,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Park National Corp OH acquired a new stake in shares of Casey’s General Stores during the 1st quarter worth about $66,000. Orser Capital Management LLC boosted its holdings in shares of Casey’s General Stores by 0.9% during the 1st quarter. Orser Capital Management LLC now owns 4,023 shares of the company’s stock worth $2,928,000 after buying an additional 35 shares during the period. Thompson Davis & CO. Inc. acquired a new position in Casey’s General Stores in the 1st quarter valued at about $216,000. Nations Financial Group Inc. IA ADV grew its stake in Casey’s General Stores by 3.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 9,503 shares of the company’s stock valued at $6,917,000 after buying an additional 278 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Casey’s General Stores in the 4th quarter valued at about $2,051,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $842.25 on Monday. Casey’s General Stores, Inc. has a 52 week low of $490.00 and a 52 week high of $927.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The firm’s 50-day simple moving average is $812.00 and its 200 day simple moving average is $696.85. The firm has a market cap of $31.13 billion, a price-to-earnings ratio of 43.96, a P/E/G ratio of 2.55 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the business posted $2.63 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 20.9 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is presently 11.90%.

Wall Street Analyst Weigh In

CASY has been the subject of several research reports. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,000.00 price objective on shares of Casey’s General Stores in a report on Monday, June 15th. William Blair began coverage on Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating on the stock. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research note on Wednesday, June 10th. Finally, Stephens set a $975.00 price target on Casey’s General Stores and gave the stock an “overweight” rating in a report on Friday, June 12th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $925.25.

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.