Simon Quick Advisors LLC Invests $290,000 in Casey's General Stores, Inc. (NASDAQ:CASY)

Simon Quick Advisors LLC purchased a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 668 shares of the company's stock, valued at approximately $290,000.

A number of other large investors also recently modified their holdings of CASY. CX Institutional bought a new position in Casey's General Stores in the 1st quarter valued at about $228,000. Trueblood Wealth Management LLC boosted its holdings in shares of Casey's General Stores by 35.2% in the first quarter. Trueblood Wealth Management LLC now owns 2,156 shares of the company's stock valued at $936,000 after acquiring an additional 561 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Casey's General Stores by 478.2% during the first quarter. SG Americas Securities LLC now owns 1,937 shares of the company's stock valued at $841,000 after acquiring an additional 1,602 shares during the period. GAMMA Investing LLC increased its stake in shares of Casey's General Stores by 25.7% during the first quarter. GAMMA Investing LLC now owns 1,253 shares of the company's stock valued at $544,000 after acquiring an additional 256 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in Casey's General Stores by 3.7% during the first quarter. Harbor Capital Advisors Inc. now owns 5,421 shares of the company's stock worth $2,353,000 after purchasing an additional 191 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on CASY shares. Stephens reaffirmed an "overweight" rating and set a $490.00 price target on shares of Casey's General Stores in a research note on Tuesday, June 10th. Wells Fargo & Company upped their price objective on Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Evercore ISI lifted their target price on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. The Goldman Sachs Group upped their price target on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Finally, Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given 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 $453.00.

Insiders Place Their Bets

In other news, Director Allison M. Wing sold 1,000 shares of the company's stock in a transaction on 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 approximately $1,535,605.28. This represents a 24.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares of the company's stock, valued at approximately $1,067,615.43. The trade was a 9.28% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Up 0.1%

Shares of CASY stock traded up $0.53 on Wednesday, reaching $508.16. 210,812 shares of the company's stock traded hands, compared to its average volume of 303,248. The business's 50 day moving average price is $456.82 and its two-hundred day moving average price is $427.59. The company has a market capitalization of $18.86 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.53 and a beta of 0.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. Casey's General Stores, Inc. has a 12-month low of $350.52 and a 12-month high of $527.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.69. The company had revenue of $3.99 billion for 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 prior year, the company earned $2.34 EPS. On average, equities analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.45%. 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. Casey's General Stores's dividend payout ratio is currently 13.66%.

About Casey's General Stores

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.