L.M. Kohn & Company Purchases Shares of 522 Casey's General Stores, Inc. (NASDAQ:CASY)

L.M. Kohn & Company purchased a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 522 shares of the company's stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CASY. Raymond James Financial Inc. acquired a new position in Casey's General Stores in the fourth quarter valued at about $236,500,000. GAMMA Investing LLC lifted its position in shares of Casey's General Stores by 54,448.8% during the first quarter. GAMMA Investing LLC now owns 543,852 shares of the company's stock worth $236,054,000 after purchasing an additional 542,855 shares in the last quarter. Norges Bank acquired a new position in shares of Casey's General Stores during the fourth quarter worth approximately $175,607,000. Wellington Management Group LLP lifted its position in shares of Casey's General Stores by 160.1% during the fourth quarter. Wellington Management Group LLP now owns 428,201 shares of the company's stock worth $169,666,000 after purchasing an additional 263,545 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Casey's General Stores by 29.5% during the fourth quarter. Franklin Resources Inc. now owns 678,778 shares of the company's stock worth $268,952,000 after purchasing an additional 154,541 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CASY shares. Wells Fargo & Company upped their target price on shares of Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 11th. Evercore ISI upped 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 report on Tuesday, April 1st. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Royal Bank Of Canada set a $438.00 target price on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research report on Wednesday, March 12th. 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 stock a "neutral" rating in a research report on Wednesday, June 11th. One equities 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.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $453.00.

Insider Buying and Selling at Casey's General Stores

In other news, Director Allison M. Wing sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $502.16, for a total value of $502,160.00. Following the completion of the transaction, the director now owns 3,058 shares in the company, valued at $1,535,605.28. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $437.01, for a total transaction of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares of the company's stock, valued at $1,067,615.43. This trade represents a 9.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,136 shares of company stock valued at $21,860,121. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Trading Down 1.2%

CASY opened at $500.27 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65. The firm has a 50 day simple moving average of $460.38 and a 200 day simple moving average of $429.29. Casey's General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $512.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, June 9th. The company reported $2.63 EPS 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 in the prior year, the firm earned $2.34 earnings per share. The business's quarterly revenue was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Increases Dividend

The company also recently announced 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 represents a $2.28 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Friday, August 1st. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's dividend payout ratio is presently 13.66%.

Casey's General Stores Company 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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