Net Worth Advisory Group Purchases Shares of 955 Casey's General Stores, Inc. (NASDAQ:CASY)

Net Worth Advisory Group purchased a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 955 shares of the company's stock, valued at approximately $414,000.

Several other large investors also recently modified their holdings of CASY. Versant Capital Management Inc purchased a new stake in shares of Casey's General Stores in the first quarter worth about $25,000. Global Financial Private Client LLC grew its stake in 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 purchasing an additional 52 shares in the last quarter. Whipplewood Advisors LLC grew its stake in 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 purchasing an additional 72 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Casey's General Stores in the fourth quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC lifted its holdings in 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 worth $83,000 after buying an additional 52 shares during the period. Institutional investors own 85.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CASY. BMO Capital Markets increased their price objective on Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a report on Wednesday, June 11th. Wells Fargo & Company increased their price target on 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. KeyCorp raised their target price on Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group raised their target price on 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. Finally, Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $453.00.

Casey's General Stores Price Performance

CASY traded up $0.23 during midday trading on Monday, hitting $506.39. The company had a trading volume of 465,398 shares, compared to its average volume of 302,688. Casey's General Stores, Inc. has a twelve month low of $350.52 and a twelve month high of $512.88. The firm's 50-day simple moving average is $455.46 and its 200-day simple moving average is $427.03. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market capitalization of $18.80 billion, a PE ratio of 35.29, a P/E/G ratio of 2.40 and a beta of 0.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly 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. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same quarter in the prior year, the company earned $2.34 earnings per share. The business's quarterly revenue was up 10.9% compared to the same quarter last year. Equities research analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given 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 annualized dividend and a dividend yield of 0.45%. Casey's General Stores's dividend payout ratio is presently 15.57%.

Insider Activity

In other Casey's General Stores news, Director Allison M. Wing sold 1,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $502.16, for a total value of $502,160.00. Following the transaction, the director now directly owns 3,058 shares of the company's stock, valued at $1,535,605.28. This trade represents a 24.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the firm'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 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. Insiders own 0.56% of the company's stock.

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.