Severin Investments LLC Takes $678,000 Position in Casey’s General Stores, Inc. $CASY

Severin Investments LLC acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,227 shares of the company’s stock, valued at approximately $678,000.

Other large investors have also made changes to their positions in the company. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Casey’s General Stores in the third quarter valued at about $25,000. Westside Investment Management Inc. lifted its position in shares of Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after acquiring an additional 23 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Casey’s General Stores in the third quarter valued at about $33,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on CASY shares. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. UBS Group lifted their target price on Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. The Goldman Sachs Group lifted their target price on Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Stephens reaffirmed an “overweight” rating and issued a $680.00 target price on shares of Casey’s General Stores in a report on Tuesday, March 10th. Finally, JPMorgan Chase & Co. initiated coverage on Casey’s General Stores in a report on Thursday, March 26th. They issued a “neutral” rating and a $719.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $752.36.

Insider Activity

In related news, 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 value of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This represents a 7.14% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Trading Down 3.1%

Shares of CASY stock opened at $784.38 on Thursday. Casey’s General Stores, Inc. has a 12-month low of $433.16 and a 12-month high of $901.00. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average price is $776.77 and its 200-day moving average price is $665.14. The stock has a market capitalization of $28.99 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. Equities research analysts predict that Casey’s General Stores, Inc. will post 18.19 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.57 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.09%.

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.