Checchi Capital Advisers LLC Buys New Shares in Casey’s General Stores, Inc. $CASY

Checchi Capital Advisers LLC bought a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 396 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $32,000. Iron Horse Wealth Management LLC raised its stake in shares of Casey’s General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after buying an additional 26 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Casey’s General Stores by 242.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after buying an additional 68 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $47,000. Finally, Wayfinding Financial LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $59,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the sale, the insider owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This represents a 30.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Casey’s General Stores Stock Down 0.7%

Shares of NASDAQ:CASY opened at $554.78 on Wednesday. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $571.57. The company’s 50-day moving average price is $527.74 and its two-hundred day moving average price is $490.89. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The firm has a market cap of $20.63 billion, a P/E ratio of 35.61 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 8th. The company reported $5.77 EPS for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the prior year, the firm earned $4.83 EPS. The company’s revenue was up 11.5% on a year-over-year basis. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 14.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CASY shares. Evercore ISI increased their price objective on shares of Casey’s General Stores from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Saturday, September 27th. Stephens reaffirmed an “overweight” rating and issued a $530.00 target price on shares of Casey’s General Stores in a report on Tuesday, September 9th. Wells Fargo & Company upped their target price on shares of Casey’s General Stores from $540.00 to $580.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, Royal Bank Of Canada upped their target price 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. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $529.10.

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.