Callan Family Office LLC Makes New Investment in Casey's General Stores, Inc. $CASY

Callan Family Office LLC purchased a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,008 shares of the company's stock, valued at approximately $1,596,000.

A number of other institutional investors have also modified their holdings of CASY. Kathmere Capital Management LLC raised its stake in shares of Casey's General Stores by 3.5% during the 1st quarter. Kathmere Capital Management LLC now owns 387 shares of the company's stock worth $282,000 after acquiring an additional 13 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in Casey's General Stores by 4.8% during the first quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company's stock valued at $221,000 after acquiring an additional 14 shares during the last quarter. Lincoln Capital LLC boosted its stake in Casey's General Stores by 4.0% in the second quarter. Lincoln Capital LLC now owns 366 shares of the company's stock valued at $291,000 after acquiring an additional 14 shares in the last quarter. Menard Financial Group LLC boosted its stake in Casey's General Stores by 1.2% in the fourth quarter. Menard Financial Group LLC now owns 1,267 shares of the company's stock valued at $700,000 after acquiring an additional 15 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in Casey's General Stores by 0.3% in the fourth quarter. Cibc World Market Inc. now owns 5,136 shares of the company's stock worth $2,839,000 after purchasing an additional 16 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Casey's General Stores news, CEO Darren M. Rebelez sold 19,000 shares of the company's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $801.46, for a total value of $15,227,740.00. Following the completion of the sale, the chief executive officer directly owned 89,174 shares in the company, valued at $71,469,394.04. This represents a 17.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Allison M. Wing sold 530 shares of the firm's stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the completion of the sale, the director directly owned 3,042 shares of the company's stock, valued at $2,547,918.36. This trade represents a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 30,243 shares of company stock valued at $24,421,877. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. KeyCorp upped their price target on Casey's General Stores from $950.00 to $970.00 and gave the stock an "overweight" rating in a research report on Thursday, June 11th. Capital One Financial assumed coverage on Casey's General Stores in a research note on Monday, June 22nd. They set an "equal weight" rating and a $896.00 target price on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $1,000.00 target price on shares of Casey's General Stores in a research note on Monday, June 15th. UBS Group increased their price target on 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. Finally, The Goldman Sachs Group increased their price target on Casey's General Stores from $695.00 to $795.00 and gave the company a "neutral" rating in a research note on Thursday, June 25th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $944.20.

Casey's General Stores Stock Performance

Shares of Casey's General Stores stock opened at $835.74 on Monday. The firm's 50 day simple moving average is $837.28 and its two-hundred day simple moving average is $776.94. The firm has a market capitalization of $30.93 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 2.86 and a beta of 0.61. Casey's General Stores, Inc. has a 12-month low of $490.00 and a 12-month high of $927.85. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the firm posted $2.63 earnings per share. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts predict that Casey's General Stores, Inc. will post 21.11 EPS for the current year.

Casey's General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Saturday, August 1st were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.60 annualized dividend and a yield of 0.3%. This is an increase from Casey's General Stores's previous quarterly dividend of $0.57. Casey's General Stores's dividend payout ratio is currently 13.57%.

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.

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