Legacy Capital Wealth Partners LLC Acquires Shares of 547 Casey's General Stores, Inc. (NASDAQ:CASY)

Legacy Capital Wealth Partners LLC acquired a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 547 shares of the company's stock, valued at approximately $238,000.

A number of other institutional investors have also made changes to their positions in CASY. 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 valued at $3,303,000 after purchasing an additional 1,499 shares during the period. Scholtz & Company LLC acquired a new stake in Casey's General Stores in the 4th quarter valued at $2,375,000. Segall Bryant & Hamill LLC boosted its stake in Casey's General Stores by 9.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock valued at $21,131,000 after buying an additional 4,458 shares in the last quarter. CenterBook Partners LP acquired a new stake in Casey's General Stores in the 4th quarter valued at $1,079,000. Finally, Integrated Wealth Concepts LLC boosted its stake in Casey's General Stores by 50.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,592 shares of the company's stock valued at $1,027,000 after buying an additional 866 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Casey's General Stores Stock Up 1.6%

Shares of CASY traded up $8.01 on Monday, hitting $518.26. 278,343 shares of the stock traded hands, compared to its average volume of 306,380. Casey's General Stores, Inc. has a one year low of $350.52 and a one year high of $544.25. 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 business has a 50 day simple moving average of $483.00 and a 200 day simple moving average of $444.03. The company has a market capitalization of $19.27 billion, a PE ratio of 35.40 and a beta of 0.69.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.69. The business had revenue of $3.99 billion for 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 company's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.34 EPS. As a group, equities analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, August 1st. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's payout ratio is 13.66%.

Insider Buying and Selling at Casey's General Stores

In other Casey's General Stores news, insider Thomas P. Brennan, Jr. sold 6,600 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $506.03, for a total value of $3,339,798.00. Following the transaction, the insider directly owned 2,100 shares in the company, valued at $1,062,663. This represents a 75.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Darren M. Rebelez sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the transaction, the chief executive officer owned 89,840 shares in the company, valued at approximately $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 ninety days, insiders have sold 43,646 shares of company stock valued at $22,136,614. 0.56% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CASY has been the subject of a number of recent research reports. 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. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Wells Fargo & Company increased their target price on Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. The Goldman Sachs Group raised their price objective on 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. Finally, Royal Bank Of Canada raised their target price on Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.