914 Shares in Casey’s General Stores, Inc. $CASY Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 914 shares of the company’s stock, valued at approximately $665,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CASY. Central Pacific Bank Trust Division lifted its holdings in Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC grew its stake 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 purchasing an additional 42 shares during the period. ORG Partners LLC grew its stake in Casey’s General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after purchasing an additional 20 shares during the period. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Casey’s General Stores during the 3rd quarter valued at $35,000. Finally, Larson Financial Group LLC increased its position in shares of Casey’s General Stores by 252.4% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock valued at $41,000 after purchasing an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CASY. Wolfe Research restated an “outperform” rating and set a $1,069.00 price target on shares of Casey’s General Stores in a research report on Thursday, June 11th. Evercore reaffirmed an “outperform” rating and issued a $990.00 price objective on shares of Casey’s General Stores in a research report on Friday, June 12th. UBS Group boosted their target price on shares of Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Jefferies Financial Group increased their target price on shares of Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,000.00 price target on shares of Casey’s General Stores in a research note on Monday, June 15th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $939.29.

Insider Activity

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the transaction, the insider owned 6,668 shares of the company’s stock, valued at $5,334,400. The trade was a 23.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chad Michael Frazell sold 3,013 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the sale, the insider owned 9,823 shares in the company, valued at approximately $7,735,514.27. This represents a 23.47% decrease in their ownership of the stock. 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 Price Performance

CASY opened at $801.99 on Wednesday. The company has a market capitalization of $29.68 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 2.42 and a beta of 0.62. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $821.31 and a 200-day moving average price of $717.55. Casey’s General Stores, Inc. has a twelve month low of $490.00 and a twelve month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating 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 company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the prior year, the company posted $2.63 EPS. Casey’s General Stores’s revenue was up 14.5% compared to the same quarter last year. Equities analysts expect that Casey’s General Stores, Inc. will post 21.14 EPS 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. Stockholders of record on Saturday, August 1st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. This is a boost 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 (DPR) is presently 11.90%.

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.