1,258 Shares in Casey's General Stores, Inc. $CASY Purchased by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners opened a new position in Casey's by purchasing 1,258 shares (~$695,000) in Q4, and institutional investors now own about 85.63% of the company.
• Insider activity was mixed: Director Mike Spanos bought 300 shares at an average of $665.43 while insider Katrina S. Lindsey sold 200 shares at $683.04, with insiders holding roughly 0.54% of the stock.
• Analysts have a consensus rating of "Moderate Buy" with an average price target of $725.09 versus the stock trading near $804 (52‑week high), after a quarterly EPS beat of $3.49 vs. $2.94; the company also declared a quarterly dividend of $0.57 (annualized $2.28, yield ~0.3%).

Chicago Partners Investment Group LLC purchased a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,258 shares of the company's stock, valued at approximately $695,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. LifeWealth Investments LLC grew its holdings in Casey's General Stores by 2.1% during the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company's stock worth $485,000 after acquiring an additional 18 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in Casey's General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company's stock worth $30,000 after acquiring an additional 19 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Casey's General Stores by 9.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company's stock worth $128,000 after acquiring an additional 19 shares in the last quarter. ORG Partners LLC grew its holdings in Casey's General Stores by 47.6% during the 4th quarter. ORG Partners LLC now owns 62 shares of the company's stock worth $34,000 after acquiring an additional 20 shares in the last quarter. Finally, Scotia Capital Inc. grew its holdings in Casey's General Stores by 2.9% during the 3rd quarter. Scotia Capital Inc. now owns 720 shares of the company's stock worth $407,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In other news, insider Katrina S. Lindsey sold 200 shares of the firm'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 sale, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos purchased 300 shares of the stock in a transaction dated 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 acquisition, the director directly owned 4,499 shares in the company, valued at approximately $2,993,769.57. This represents a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey's General Stores in a report on Thursday, January 8th. Royal Bank Of Canada increased their target price on shares of Casey's General Stores from $662.00 to $713.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 10th. Wall Street Zen cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. Northcoast Research cut shares of Casey's General Stores from a "buy" rating to a "neutral" rating in a report on Wednesday, January 21st. Finally, Jefferies Financial Group increased their target price on shares of Casey's General Stores from $700.00 to $780.00 and gave the stock a "buy" rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Casey's General Stores currently has a consensus rating of "Moderate Buy" and an average price target of $725.09.

Casey's General Stores Stock Up 0.6%

NASDAQ:CASY opened at $804.50 on Tuesday. Casey's General Stores, Inc. has a fifty-two week low of $430.00 and a fifty-two week high of $806.49. The stock has a market capitalization of $29.73 billion, a P/E ratio of 46.18, a P/E/G ratio of 2.60 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The company's 50-day simple moving average is $710.11 and its 200-day simple moving average is $622.90.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released 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 business had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same period last year, the business earned $2.33 EPS. The company's revenue was up .3% compared to the same quarter last year. On average, equities analysts anticipate that Casey's General Stores, Inc. will post 18.1 earnings per share for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders 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 dividend payout ratio (DPR) is currently 13.09%.

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.

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