LifeWealth Investments LLC Takes Position in Casey's General Stores, Inc. (NASDAQ:CASY)

LifeWealth Investments LLC acquired a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 745 shares of the company's stock, valued at approximately $323,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Casey's General Stores by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company's stock worth $1,505,319,000 after purchasing an additional 44,295 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Casey's General Stores by 1.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company's stock worth $703,833,000 after buying an additional 31,131 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Casey's General Stores by 29.5% during the 4th quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock worth $268,952,000 after buying an additional 154,541 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Casey's General Stores in the 4th quarter worth $236,500,000. Finally, GAMMA Investing LLC boosted its holdings in Casey's General Stores by 54,448.8% in the first quarter. GAMMA Investing LLC now owns 543,852 shares of the company's stock valued at $236,054,000 after acquiring an additional 542,855 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. BMO Capital Markets upped their price target on 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. Stephens reiterated an "overweight" rating and set a $490.00 target price on shares of Casey's General Stores in a report on Tuesday, June 10th. 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 report on Wednesday, June 11th. Evercore ISI lifted 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 report on Tuesday, April 1st. Finally, Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, Casey's General Stores has an average rating of "Moderate Buy" and an average target price of $453.00.

Casey's General Stores Price Performance

Shares of CASY stock opened at $507.63 on Wednesday. The firm has a fifty day simple moving average of $456.82 and a 200-day simple moving average of $427.59. The company has a market capitalization 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 current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Monday, June 9th. The company reported $2.63 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates 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 revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.34 EPS. Equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 0.45%. Casey's General Stores's payout ratio is 13.66%.

Insider Activity at Casey's General Stores

In other Casey's General Stores 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 transaction, the director now directly owns 3,058 shares in the company, valued at $1,535,605.28. This represents a 24.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction, the insider now directly owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. This represents 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 company insiders.

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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