Farther Finance Advisors LLC Has $314,000 Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Farther Finance Advisors LLC trimmed its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 48.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 714 shares of the company's stock after selling 683 shares during the period. Farther Finance Advisors LLC's holdings in Casey's General Stores were worth $314,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in shares of Casey's General Stores in the first quarter valued at $25,000. Global Financial Private Client LLC raised its stake in shares of 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 during the last quarter. Whipplewood Advisors LLC raised its stake in shares of 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 acquiring an additional 72 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Casey's General Stores during the fourth quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Casey's General Stores by 32.9% during the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after purchasing an additional 52 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CASY shares. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday. KeyCorp boosted their target price on Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Royal Bank Of Canada set a $438.00 price target on Casey's General Stores and gave the company a "sector perform" rating in a report on Wednesday, March 12th. Stephens reiterated an "overweight" rating and issued a $490.00 price objective on shares of Casey's General Stores in a research report on Tuesday, June 10th. Finally, The Goldman Sachs Group upped their target price on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.00.

Casey's General Stores Trading Up 0.2%

CASY opened at $507.63 on Wednesday. The firm's fifty day moving average is $456.82 and its two-hundred day moving average is $427.59. The firm has a market cap of $18.84 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $512.88. 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 (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, June 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 3.43% and a return on equity of 16.28%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. Equities research analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS 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. Stockholders of record on Friday, August 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, August 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.45%. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's dividend payout ratio (DPR) is currently 13.66%.

Insider Transactions at Casey's General Stores

In other news, Director Allison M. Wing sold 1,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $502.16, for a total transaction of $502,160.00. Following the completion of the sale, the director now owns 3,058 shares of the company's stock, valued at $1,535,605.28. This represents a 24.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the firm's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $437.01, for a total transaction of $109,252.50. Following the sale, the insider now owns 2,443 shares in the company, 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 currently owned by insiders.

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.

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