Clarus Wealth Advisors Buys New Stake in Casey's General Stores, Inc. (NASDAQ:CASY)

Clarus Wealth Advisors acquired a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 641 shares of the company's stock, valued at approximately $282,000.

Other hedge funds also recently bought and sold shares of the company. Natixis increased its position in shares of Casey's General Stores by 21.9% during the fourth quarter. Natixis now owns 8,337 shares of the company's stock worth $3,303,000 after acquiring an additional 1,499 shares during the period. Sanctuary Advisors LLC grew its stake in Casey's General Stores by 55.6% in the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock worth $3,629,000 after purchasing an additional 3,065 shares in the last quarter. Scholtz & Company LLC purchased a new position in Casey's General Stores during the 4th quarter worth $2,375,000. JLB & Associates Inc. increased its holdings in Casey's General Stores by 1.8% during the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after purchasing an additional 749 shares during the period. Finally, Segall Bryant & Hamill LLC raised its position 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 valued at $21,131,000 after purchasing an additional 4,458 shares in the last quarter. Institutional investors own 85.63% of the company's stock.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 256 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This trade represents a 8.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Katrina S. Lindsey sold 250 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. The trade was a 9.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Casey's General Stores Stock Up 2.2%

Shares of Casey's General Stores stock traded up $9.57 during trading on Wednesday, reaching $448.25. The company's stock had a trading volume of 563,103 shares, compared to its average volume of 298,798. Casey's General Stores, Inc. has a 1-year low of $313.89 and a 1-year high of $474.97. The company has a 50-day simple moving average of $447.06 and a two-hundred day simple moving average of $423.39. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The company has a market cap of $16.64 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.40 and a beta of 0.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. During the same period last year, the business posted $2.33 earnings per share. The firm's revenue was up 17.2% compared to the same quarter last year. As a group, equities analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Thursday, May 1st. Casey's General Stores's dividend payout ratio (DPR) is presently 13.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CASY shares. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Stephens raised shares of Casey's General Stores to a "strong-buy" rating in a research report on Monday, April 7th. Wall Street Zen downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Evercore ISI upped their target price on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. Finally, KeyCorp initiated coverage on Casey's General Stores in a research report on Friday, April 11th. They set an "overweight" rating and a $500.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $430.33.

About Casey's General Stores

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.