Leeward Investments LLC MA lowered its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 3.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,538 shares of the company's stock after selling 641 shares during the quarter. Leeward Investments LLC MA's holdings in Casey's General Stores were worth $8,046,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Natixis increased its holdings in shares of Casey's General Stores by 21.9% in the 4th quarter. Natixis now owns 8,337 shares of the company's stock valued at $3,303,000 after acquiring an additional 1,499 shares during the last quarter. Scholtz & Company LLC purchased a new position in Casey's General Stores during the 4th quarter worth approximately $2,375,000. Segall Bryant & Hamill LLC grew its stake in Casey's General Stores by 9.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock worth $21,131,000 after buying an additional 4,458 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Casey's General Stores by 15.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 290,420 shares of the company's stock worth $115,089,000 after buying an additional 38,684 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Casey's General Stores by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 276,529 shares of the company's stock worth $109,569,000 after buying an additional 3,197 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.
Analyst Upgrades and Downgrades
CASY has been the topic of a number of research reports. Stephens restated an "overweight" rating and set a $490.00 price target on shares of Casey's General Stores in a research note on Tuesday, June 10th. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. BMO Capital Markets raised their price target on Casey's General Stores from $450.00 to $515.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 11th. Wells Fargo & Company raised their price target on Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Finally, KeyCorp raised their price target on Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $453.00.
Read Our Latest Stock Analysis on CASY
Insiders Place Their Bets
In other news, Director Mike Spanos acquired 200 shares of Casey's General Stores stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average cost of $503.18 per share, with a total value of $100,636.00. Following the completion of the acquisition, the director owned 3,560 shares in the company, valued at $1,791,320.80. This trade represents a 5.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 2,000 shares of Casey's General Stores stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total value of $1,012,140.00. Following the transaction, the insider directly owned 4,636 shares of the company's stock, valued at approximately $2,346,140.52. This represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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 Price Performance
Shares of CASY traded down $13.86 during mid-day trading on Tuesday, hitting $512.30. The company's stock had a trading volume of 413,978 shares, compared to its average volume of 304,041. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69. The firm has a 50-day simple moving average of $473.58 and a 200 day simple moving average of $437.16. The firm has a market capitalization of $19.05 billion, a P/E ratio of 34.99 and a beta of 0.69. Casey's General Stores, Inc. has a 1-year low of $350.52 and a 1-year high of $526.82.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $1.94 by $0.69. The business had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $2.34 EPS. Analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.
Casey's General Stores Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.57 dividend. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, August 1st. Casey's General Stores's dividend payout ratio (DPR) is currently 13.66%.
Casey's General Stores Profile
(
Free Report)
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.
Read More
Before you consider Casey's General Stores, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Casey's General Stores wasn't on the list.
While Casey's General Stores currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
