Dakota Wealth Management Purchases Shares of 1,092 Casey's General Stores, Inc. (NASDAQ:CASY)

Dakota Wealth Management bought a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,092 shares of the company's stock, valued at approximately $474,000.

A number of other institutional investors also recently made changes to their positions in CASY. Flagship Harbor Advisors LLC boosted its stake in Casey's General Stores by 4.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company's stock valued at $256,000 after purchasing an additional 23 shares in the last quarter. HighPoint Advisor Group LLC raised its holdings in Casey's General Stores by 1.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock valued at $628,000 after buying an additional 25 shares in the last quarter. Burns J W & Co. Inc. NY grew its position in shares of Casey's General Stores by 2.1% in the first quarter. Burns J W & Co. Inc. NY now owns 1,204 shares of the company's stock valued at $522,000 after purchasing an additional 25 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of Casey's General Stores by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company's stock valued at $812,000 after purchasing an additional 26 shares during the last quarter. Finally, Iron Horse Wealth Management LLC grew its position in Casey's General Stores by 40.0% during the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after buying an additional 26 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CASY. BMO Capital Markets boosted their target price on shares of Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a report on Wednesday, June 11th. KeyCorp increased their target price on shares of Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Evercore ISI increased their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Stephens reaffirmed an "overweight" rating and set a $490.00 target price on shares of Casey's General Stores in a research note on Tuesday, June 10th. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $465.25.

Insiders Place Their Bets

In other news, CEO Darren M. Rebelez sold 20,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $507.83, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the transaction, the insider directly owned 4,636 shares in the company, valued at approximately $2,346,140.52. The trade was a 30.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,646 shares of company stock valued at $22,136,614 over the last ninety days. 0.56% of the stock is owned by corporate insiders.

Casey's General Stores Trading Down 0.4%

Shares of CASY opened at $515.67 on Friday. The company has a market cap of $19.17 billion, a price-to-earnings ratio of 35.22 and a beta of 0.69. Casey's General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $526.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The stock has a fifty day moving average price of $481.72 and a two-hundred day moving average price of $442.57.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period last year, the firm posted $2.34 earnings per share. The business's revenue was up 10.9% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.57 per share. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, August 1st. Casey's General Stores's dividend payout ratio (DPR) is 13.66%.

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.

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