Mokosak Advisory Group LLC Boosts Stock Holdings in Casey's General Stores, Inc. (NASDAQ:CASY)

Mokosak Advisory Group LLC raised its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 67.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,129 shares of the company's stock after purchasing an additional 859 shares during the period. Casey's General Stores accounts for about 0.3% of Mokosak Advisory Group LLC's portfolio, making the stock its 16th largest position. Mokosak Advisory Group LLC's holdings in Casey's General Stores were worth $924,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Flagship Harbor Advisors LLC boosted its holdings in shares of Casey's General Stores by 4.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company's stock valued at $256,000 after buying an additional 23 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of Casey's General Stores by 1.7% in the 4th 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 boosted its holdings in shares of Casey's General Stores by 2.1% in the 1st quarter. Burns J W & Co. Inc. NY now owns 1,204 shares of the company's stock valued at $522,000 after buying an additional 25 shares in the last quarter. Dark Forest Capital Management LP boosted its holdings in shares of Casey's General Stores by 3.2% in the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock valued at $357,000 after buying an additional 28 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Casey's General Stores by 3.1% in the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Analyst Upgrades and Downgrades

CASY has been the topic of a number of recent analyst reports. Stephens restated an "overweight" rating and issued a $490.00 price target on shares of Casey's General Stores in a report on Tuesday, June 10th. The Goldman Sachs Group lifted 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 note on Wednesday, June 11th. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. KeyCorp lifted their target price on shares of Casey's General Stores from $500.00 to $550.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. Finally, Evercore ISI lifted 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $453.00.

Casey's General Stores Price Performance

NASDAQ:CASY opened at $500.27 on Monday. 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 firm has a market cap of $18.57 billion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 2.50 and a beta of 0.66. The company has a 50 day moving average price of $460.38 and a 200-day moving average price of $429.45. Casey's General Stores, Inc. has a 1-year low of $350.52 and a 1-year high of $512.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.69. The firm had revenue of $3.99 billion during 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 business's quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. Equities research analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Increases Dividend

The business 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. 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. This represents a $2.28 dividend on an annualized basis and a yield of 0.46%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.66%.

Insider Activity at Casey's General Stores

In other news, insider Chad Michael Frazell sold 4,808 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $503.97, for a total transaction of $2,423,087.76. Following the completion of the sale, the insider now owns 11,480 shares in the company, valued at $5,785,575.60. This trade represents a 29.52% decrease in their position. The sale was disclosed in a 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 that occurred 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 of the company's stock, valued at $1,067,615.43. This represents a 9.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,136 shares of company stock valued at $21,860,121. 0.56% of the stock is owned by corporate 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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