OneDigital Investment Advisors LLC Buys 860 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

OneDigital Investment Advisors LLC increased its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 24.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,391 shares of the company's stock after acquiring an additional 860 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Casey's General Stores were worth $1,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Avantax Planning Partners Inc. raised its position in Casey's General Stores by 6.3% in the 1st quarter. Avantax Planning Partners Inc. now owns 4,091 shares of the company's stock worth $1,776,000 after buying an additional 244 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Casey's General Stores by 299.8% during the 1st quarter. D.A. Davidson & CO. now owns 6,693 shares of the company's stock valued at $2,905,000 after acquiring an additional 5,019 shares during the last quarter. Principal Financial Group Inc. lifted its position in Casey's General Stores by 11.1% in the first quarter. Principal Financial Group Inc. now owns 269,426 shares of the company's stock worth $116,942,000 after buying an additional 26,822 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Casey's General Stores by 1.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 7,626 shares of the company's stock valued at $3,310,000 after buying an additional 78 shares during the period. Finally, Private Trust Co. NA grew its stake in Casey's General Stores by 5.9% in the first quarter. Private Trust Co. NA now owns 2,247 shares of the company's stock valued at $975,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Trading Down 2.6%

CASY stock traded down $13.86 during trading on Tuesday, hitting $512.30. The company had a trading volume of 413,978 shares, compared to its average volume of 303,677. The firm has a 50-day moving average price of $472.60 and a 200-day moving average price of $436.64. The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 34.99 and a beta of 0.69. Casey's General Stores, Inc. has a 12 month low of $350.52 and a 12 month high of $528.26. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.69.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The firm 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 EPS. The company's revenue was up 10.9% on a year-over-year basis. As a group, analysts predict that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend 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 dividend yield of 0.45%. Casey's General Stores's dividend payout ratio (DPR) is currently 13.66%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CASY shares. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Wells Fargo & Company upped their price target on Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 11th. 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 research report on Wednesday, March 12th. Evercore ISI increased their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Finally, The Goldman Sachs Group lifted their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $453.00.

Insider Activity at Casey's General Stores

In other news, CEO Darren M. Rebelez sold 20,000 shares of Casey's General Stores stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the transaction, the chief executive officer owned 89,840 shares in the company, valued at approximately $45,623,447.20. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 2,000 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the completion of the transaction, the insider owned 4,636 shares in the company, valued at approximately $2,346,140.52. The trade was a 30.14% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,646 shares of company stock valued at $22,136,614. 0.56% of the stock is currently owned by company insiders.

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.