EULAV Asset Management Buys 9,100 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

EULAV Asset Management boosted its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 5.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,600 shares of the company's stock after buying an additional 9,100 shares during the quarter. Casey's General Stores makes up about 1.8% of EULAV Asset Management's holdings, making the stock its 14th largest position. EULAV Asset Management owned about 0.46% of Casey's General Stores worth $74,047,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc purchased a new position in shares of Casey's General Stores in the first quarter valued at $25,000. Global Financial Private Client LLC grew its position 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 valued at $30,000 after purchasing an additional 52 shares in the last quarter. Whipplewood Advisors LLC grew its position 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 valued at $51,000 after purchasing an additional 72 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Casey's General Stores in the first quarter valued at $59,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Casey's General Stores in the fourth quarter valued at $79,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mike Spanos bought 200 shares of the stock in a transaction dated Monday, June 30th. The stock was bought at an average price of $503.18 per share, with a total value of $100,636.00. Following the purchase, the director owned 3,560 shares in the company, valued at approximately $1,791,320.80. The trade was a 5.95% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephen P. Bramlage, Jr. sold 760 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $507.56, for a total value of $385,745.60. Following the completion of the sale, the chief financial officer directly owned 25,994 shares of the company's stock, valued at approximately $13,193,514.64. This trade represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,646 shares of company stock worth $22,136,614 in the last 90 days. 0.56% of the stock is currently owned by company insiders.

Casey's General Stores Price Performance

CASY stock traded up $8.93 during mid-day trading on Monday, hitting $526.16. 341,788 shares of the stock were exchanged, compared to its average volume of 303,236. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48. The business has a fifty day moving average price of $471.16 and a 200 day moving average price of $435.78. Casey's General Stores, Inc. has a 12 month low of $350.52 and a 12 month high of $526.14. The stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of 35.94 and a beta of 0.69.

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

Casey's General Stores Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, August 1st. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's payout ratio is 15.57%.

Wall Street Analysts Forecast Growth

CASY has been the subject of several recent research reports. The Goldman Sachs Group lifted their price target on Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Evercore ISI boosted their target price 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. KeyCorp boosted their target price on 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, Royal Bank Of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Casey's General Stores has an average rating of "Moderate Buy" and an average price target of $453.00.

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.