1,076 Shares in Casey's General Stores, Inc. (NASDAQ:CASY) Acquired by OneAscent Family Office LLC

OneAscent Family Office LLC bought a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 1,076 shares of the company's stock, valued at approximately $474,000.

A number of other institutional investors also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC increased its holdings in Casey's General Stores by 4.1% in the first 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 increased its holdings in 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 worth $628,000 after acquiring an additional 25 shares in the last quarter. Burns J W & Co. Inc. NY increased its holdings in 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 worth $522,000 after acquiring an additional 25 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Casey's General Stores by 1.4% during the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company's stock worth $812,000 after buying an additional 26 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Casey's General Stores by 40.0% during the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after buying an additional 26 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. The Goldman Sachs Group raised their price objective on shares of Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. Stephens reissued an "overweight" rating and set a $490.00 price objective on shares of Casey's General Stores in a report on Tuesday, June 10th. BMO Capital Markets raised their price objective on shares of Casey's General Stores from $450.00 to $515.00 and gave the stock a "market perform" rating in a report on Wednesday, June 11th. Finally, Royal Bank Of Canada raised their price objective on shares of Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $465.25.

Casey's General Stores Price Performance

CASY stock traded up $8.01 during trading on Monday, hitting $518.26. The company had a trading volume of 278,343 shares, compared to its average volume of 306,380. The company has a fifty day moving average price of $483.00 and a two-hundred day moving average price of $444.03. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69. The company has a market cap of $19.27 billion, a P/E ratio of 35.40 and a beta of 0.69. Casey's General Stores, Inc. has a fifty-two week low of $350.52 and a fifty-two week high of $544.25.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.34 earnings per share. Equities research analysts expect 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 business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, August 1st. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 0.44%. Casey's General Stores's dividend payout ratio is 13.66%.

Insider Buying and Selling

In other Casey's General Stores news, CEO Darren M. Rebelez sold 20,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total value of $10,156,600.00. Following the sale, the chief executive officer owned 89,840 shares of the company's stock, valued at approximately $45,623,447.20. This trade represents a 18.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen P. Bramlage, Jr. sold 760 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $507.56, for a total value of $385,745.60. Following the completion of the sale, the chief financial officer directly owned 25,994 shares of the company's stock, valued at $13,193,514.64. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,646 shares of company stock valued at $22,136,614. 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.