Creekmur Asset Management LLC Grows Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Creekmur Asset Management LLC grew its position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 7,438.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,583 shares of the company's stock after purchasing an additional 1,562 shares during the period. Creekmur Asset Management LLC's holdings in Casey's General Stores were worth $687,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new position in Casey's General Stores in the first quarter worth about $25,000. Global Financial Private Client LLC grew its position in 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 acquiring an additional 52 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in 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 acquiring an additional 26 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in 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 purchasing an additional 72 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Casey's General Stores in the first quarter worth about $59,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CASY shares. KeyCorp raised their price objective on shares of 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. The Goldman Sachs Group raised their price objective on shares of Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Wall Street Zen raised shares of 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 objective on shares of 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. Finally, Royal Bank Of Canada raised their price objective on shares of Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Casey's General Stores has an average rating of "Moderate Buy" and an average target price of $465.25.

Casey's General Stores Stock Performance

NASDAQ:CASY traded up $8.01 during mid-day trading on Monday, hitting $518.26. The company's stock had a trading volume of 278,343 shares, compared to its average volume of 306,380. Casey's General Stores, Inc. has a 1 year low of $350.52 and a 1 year high of $526.82. 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 stock has a market cap of $19.27 billion, a price-to-earnings ratio of 35.40 and a beta of 0.69. The business's fifty 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 quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The company's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.34 earnings per share. Analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Increases Dividend

The company also recently declared 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 is a boost from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.44%. Casey's General Stores's dividend payout ratio is 13.66%.

Insiders Place Their Bets

In other news, insider Chad Michael Frazell sold 4,808 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $503.97, for a total value of $2,423,087.76. Following the sale, the insider directly owned 11,480 shares in the company, valued at approximately $5,785,575.60. This trade represents a 29.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Darren M. Rebelez sold 20,000 shares of Casey's General Stores stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the sale, the chief executive officer owned 89,840 shares in the company, valued at $45,623,447.20. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,646 shares of company stock worth $22,136,614. 0.56% of the stock is currently owned by company insiders.

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.