Casey's General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC lifted its position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 7,438.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,583 shares of the company's stock after acquiring an additional 1,562 shares during the period. Creekmur Asset Management LLC's holdings in Casey's General Stores were worth $687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CASY. Commonwealth Equity Services LLC increased its position in shares of Casey's General Stores by 7.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 13,602 shares of the company's stock valued at $5,389,000 after acquiring an additional 999 shares during the period. Harbour Investments Inc. grew its position in Casey's General Stores by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock worth $397,000 after purchasing an additional 30 shares during the period. Signaturefd LLC grew its position in Casey's General Stores by 33.6% during the 4th quarter. Signaturefd LLC now owns 445 shares of the company's stock worth $176,000 after purchasing an additional 112 shares during the period. Xponance Inc. grew its position in Casey's General Stores by 5.3% during the 4th quarter. Xponance Inc. now owns 4,846 shares of the company's stock worth $1,920,000 after purchasing an additional 244 shares during the period. Finally, Blueshift Asset Management LLC acquired a new stake in Casey's General Stores during the 4th quarter worth about $274,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Thomas P. Brennan, Jr. sold 6,600 shares of Casey's General Stores stock in a transaction on Monday, June 16th. The shares were sold at an average price of $506.03, for a total transaction of $3,339,798.00. Following the completion of the sale, the insider directly owned 2,100 shares of the company's stock, valued at approximately $1,062,663. The trade was a 75.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $1,012,140.00. Following the sale, the insider directly owned 4,636 shares of the company's stock, valued at approximately $2,346,140.52. This trade represents a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,646 shares of company stock valued at $22,136,614. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Trading Down 1.1%

Shares of NASDAQ CASY traded down $5.42 during midday trading on Friday, reaching $510.25. 214,496 shares of the stock were exchanged, compared to its average volume of 306,493. The company has a 50 day simple moving average of $483.00 and a 200 day simple moving average of $443.69. The stock has a market capitalization of $18.97 billion, a P/E ratio of 34.85 and a beta of 0.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $526.82.

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

Casey's General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.57 dividend. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.45%. Casey's General Stores's payout ratio is 15.57%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group increased their target price 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 increased their target price 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. Royal Bank Of Canada increased their target price 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. Finally, Evercore ISI raised their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $465.25.

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.