Paragon Capital Management LLC Has $11.23 Million Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Paragon Capital Management LLC cut its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,883 shares of the company's stock after selling 825 shares during the period. Casey's General Stores makes up 6.4% of Paragon Capital Management LLC's investment portfolio, making the stock its 5th largest position. Paragon Capital Management LLC owned about 0.07% of Casey's General Stores worth $11,234,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Casey's General Stores during the first quarter worth $25,000. Global Financial Private Client LLC increased its stake in shares of Casey's General Stores by 325.0% in the first quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after buying an additional 52 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of Casey's General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after buying an additional 26 shares during the last quarter. Whipplewood Advisors LLC increased its stake in shares of Casey's General Stores by 160.0% in the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after buying an additional 72 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Casey's General Stores in the first quarter worth $59,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey's General Stores Price Performance

NASDAQ CASY traded up $7.23 on Monday, reaching $517.48. The company's stock had a trading volume of 145,748 shares, compared to its average volume of 305,951. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $544.25. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The stock has a market cap of $19.24 billion, a PE ratio of 35.35 and a beta of 0.69. The firm's 50 day moving average is $483.00 and its two-hundred day moving average is $444.03.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.69. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. As a group, sell-side analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, August 1st. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's payout ratio is currently 13.66%.

Wall Street Analyst Weigh In

CASY has been the subject of several recent research reports. Royal Bank Of Canada upped their price target on shares of Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 9th. The Goldman Sachs Group upped their price target on shares of Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th. Wells Fargo & Company upped their price target on shares of Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. KeyCorp upped their price target on shares of Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Finally, Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $465.25.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the sale, the chief financial officer directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas P. Brennan, Jr. sold 6,600 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $506.03, for a total value of $3,339,798.00. Following the completion of the sale, the insider owned 2,100 shares in the company, valued at $1,062,663. The trade was a 75.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,646 shares of company stock worth $22,136,614. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Company 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.