CX Institutional Invests $228,000 in Casey's General Stores, Inc. (NASDAQ:CASY)

CX Institutional bought a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 525 shares of the company's stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also modified their holdings of CASY. Vanguard Group Inc. boosted its position in shares of Casey's General Stores by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock worth $1,505,319,000 after acquiring an additional 44,295 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Casey's General Stores by 1.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock valued at $703,833,000 after purchasing an additional 31,131 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Casey's General Stores by 29.5% during the 4th quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock worth $268,952,000 after buying an additional 154,541 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Casey's General Stores in the fourth quarter valued at about $236,500,000. Finally, GAMMA Investing LLC grew its position in Casey's General Stores by 54,448.8% in the first quarter. GAMMA Investing LLC now owns 543,852 shares of the company's stock valued at $236,054,000 after acquiring an additional 542,855 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey's General Stores Price Performance

Shares of CASY stock traded up $2.17 during trading hours on Monday, reaching $508.33. The company had a trading volume of 58,996 shares, compared to its average volume of 301,142. Casey's General Stores, Inc. has a 12-month low of $350.52 and a 12-month high of $512.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The stock has a fifty day moving average of $453.67 and a 200-day moving average of $426.43. The company has a market capitalization of $18.87 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 2.40 and a beta of 0.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.69. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.95 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey's General Stores's revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. On average, equities analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.57 per share. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, August 1st. Casey's General Stores's dividend payout ratio is presently 15.57%.

Insiders Place Their Bets

In other Casey's General Stores news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade represents a 9.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Allison M. Wing sold 1,000 shares of Casey's General Stores stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $502.16, for a total value of $502,160.00. Following the completion of the transaction, the director now owns 3,058 shares of the company's stock, valued at $1,535,605.28. The trade was a 24.64% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Royal Bank of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday. The Goldman Sachs Group lifted their target price on shares of Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Evercore ISI lifted their price objective on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Finally, Stephens reissued an "overweight" rating and issued a $490.00 price target on shares of Casey's General Stores in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $453.00.

About Casey's General Stores

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.