Sanctuary Advisors LLC Has $11.50 Million Stake in Casey's General Stores, Inc. $CASY

Key Points

• Sanctuary Advisors LLC increased its stake in Casey's to 20,809 shares (an 11.6% rise in Q4), valued at about $11.50 million and representing roughly 0.06% of the company.
• Casey's Q4 results showed an EPS beat ($3.49 vs. $2.94 consensus) while revenue of $3.92 billion slightly missed expectations; analysts' consensus rating is "Moderate Buy" with an average price target of $725.09.
• The company declared a quarterly dividend of $0.57 (annualized $2.28, yield ~0.3%, ex-dividend May 1), and trades at a market cap of $29.73 billion with a P/E of 46.18.

Sanctuary Advisors LLC increased its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,809 shares of the company's stock after purchasing an additional 2,168 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.06% of Casey's General Stores worth $11,502,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CASY. NewEdge Advisors LLC boosted its holdings in Casey's General Stores by 6.4% during the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company's stock worth $812,000 after purchasing an additional 113 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Casey's General Stores by 129.6% during the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company's stock worth $81,000 after purchasing an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Casey's General Stores by 431.7% during the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company's stock worth $111,000 after purchasing an additional 177 shares during the last quarter. Amundi acquired a new position in Casey's General Stores during the second quarter worth $338,000. Finally, Jump Financial LLC boosted its holdings in Casey's General Stores by 42.6% during the second quarter. Jump Financial LLC now owns 968 shares of the company's stock worth $494,000 after purchasing an additional 289 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Price Performance

Shares of Casey's General Stores stock opened at $804.50 on Tuesday. Casey's General Stores, Inc. has a twelve month low of $430.00 and a twelve month high of $806.49. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $710.11 and a two-hundred day simple moving average of $622.90. The stock has a market capitalization of $29.73 billion, a price-to-earnings ratio of 46.18, a price-to-earnings-growth ratio of 2.60 and a beta of 0.61.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.55. Casey's General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the company earned $2.33 EPS. The business's revenue was up .3% on a year-over-year basis. Analysts forecast that Casey's General Stores, Inc. will post 18.1 EPS for the current year.

Casey's General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be paid a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey's General Stores's payout ratio is 13.09%.

Insider Activity

In other Casey's General Stores news, Director Mike Spanos acquired 300 shares of the company's stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the purchase, the director directly owned 4,499 shares of the company's stock, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of Casey's General Stores stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares of the company's stock, valued at $2,758,798.56. This trade represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Casey's General Stores from $662.00 to $713.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 10th. Bank of America assumed coverage on shares of Casey's General Stores in a research note on Friday, January 9th. They issued a "buy" rating for the company. Jefferies Financial Group increased their price target on shares of Casey's General Stores from $700.00 to $780.00 and gave the company a "buy" rating in a research note on Tuesday, March 10th. Wells Fargo & Company increased their price target on shares of Casey's General Stores from $725.00 to $745.00 and gave the company an "overweight" rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $725.09.

Casey's General Stores Company Profile

Casey's General Stores, Inc NASDAQ: CASY is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company's stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.

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