Inspire Investing LLC Sells 542 Shares of Casey's General Stores, Inc. $CASY

Key Points

• Inspire Investing LLC decreased its holdings in Casey's General Stores by 9.6%, resulting in ownership of 5,100 shares valued at approximately $2.21 million.
• Casey's reported a quarterly EPS of $5.77, exceeding analysts' expectations, with revenues of $4.57 billion, up 11.5% from the previous year.
• The company declared a quarterly dividend of $0.57 per share, to be paid on November 14, with an annualized yield of 0.4%.

Inspire Investing LLC trimmed its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 9.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,100 shares of the company's stock after selling 542 shares during the quarter. Inspire Investing LLC's holdings in Casey's General Stores were worth $2,214,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CASY. Strs Ohio purchased a new stake in Casey's General Stores in the 1st quarter valued at $28,994,000. Advisors Capital Management LLC grew its stake in shares of Casey's General Stores by 1.1% during the 1st quarter. Advisors Capital Management LLC now owns 45,985 shares of the company's stock worth $19,959,000 after acquiring an additional 488 shares during the period. WBI Investments LLC grew its stake in shares of Casey's General Stores by 39.7% during the 1st quarter. WBI Investments LLC now owns 1,453 shares of the company's stock worth $631,000 after acquiring an additional 413 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Casey's General Stores by 129.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company's stock worth $81,000 after acquiring an additional 105 shares during the period. Finally, Integrity Alliance LLC. lifted its holdings in Casey's General Stores by 1,773.7% during the 1st quarter. Integrity Alliance LLC. now owns 17,894 shares of the company's stock worth $7,767,000 after purchasing an additional 16,939 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey's General Stores Price Performance

NASDAQ:CASY traded up $1.02 during trading hours on Monday, hitting $554.91. 331,809 shares of the stock were exchanged, compared to its average volume of 356,151. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm's fifty day moving average price is $516.25 and its 200 day moving average price is $472.88. The company has a market cap of $20.63 billion, a P/E ratio of 35.62 and a beta of 0.66. Casey's General Stores, Inc. has a 52-week low of $362.42 and a 52-week high of $562.97.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.75. Casey's General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company had revenue of $4.57 billion during the quarter, compared to analysts' expectations of $4.47 billion. During the same quarter last year, the firm earned $4.83 earnings per share. The firm's quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey's General Stores's dividend payout ratio (DPR) is 14.63%.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, insider Katrina S. Lindsey sold 2,000 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total value of $1,012,140.00. Following the transaction, the insider owned 4,636 shares in the company, valued at $2,346,140.52. The trade was a 30.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the sale, the chief financial officer owned 26,754 shares in the company, valued at approximately $13,623,404.34. This trade represents a 24.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,046 shares of company stock worth $18,294,656. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CASY. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Royal Bank Of Canada boosted their target price on Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 9th. Jefferies Financial Group upped their price target on Casey's General Stores from $575.00 to $600.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Wells Fargo & Company upped their price target on Casey's General Stores from $540.00 to $580.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Finally, BMO Capital Markets increased their target price on Casey's General Stores from $515.00 to $540.00 and gave the stock a "market perform" rating in a research report on Wednesday, September 10th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Casey's General Stores has an average rating of "Moderate Buy" and a consensus price target of $505.25.

Casey's General Stores Profile

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.