World Investment Advisors Buys 650 Shares of Casey’s General Stores, Inc. $CASY

World Investment Advisors lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 164.6% in the first quarter, Holdings Channel.com reports. The firm owned 1,045 shares of the company’s stock after buying an additional 650 shares during the period. World Investment Advisors’ holdings in Casey’s General Stores were worth $761,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. NewEdge Advisors LLC boosted its stake 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 buying an additional 113 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Casey’s General Stores by 129.6% in the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Casey’s General Stores by 431.7% in the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after acquiring an additional 177 shares during the period. Amundi bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $338,000. Finally, Jump Financial LLC boosted its stake in shares of Casey’s General Stores by 42.6% during the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after purchasing an additional 289 shares during the period. Institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CASY shares. Capital One Financial started coverage on shares of Casey’s General Stores in a report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price target on the stock. BNP Paribas Exane decreased their price objective on shares of Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Stephens set a $975.00 target price on Casey’s General Stores and gave the company an “overweight” rating in a research note on Friday, June 12th. Finally, Royal Bank Of Canada increased their price target on Casey’s General Stores from $794.00 to $850.00 and gave the stock a “sector perform” rating in a report on Thursday, June 25th. Thirteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $939.29.

Insider Buying and Selling

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider directly owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. This represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mike Spanos purchased 256 shares of the stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of $778.81 per share, for a total transaction of $199,375.36. Following the completion of the acquisition, the director directly owned 4,758 shares in the company, valued at approximately $3,705,577.98. This represents a 5.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 24,013 shares of company stock worth $19,200,447 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

Casey’s General Stores Stock Down 2.5%

Casey’s General Stores stock opened at $822.00 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm has a market cap of $30.42 billion, a P/E ratio of 42.90, a P/E/G ratio of 2.53 and a beta of 0.62. The business has a fifty day moving average of $822.83 and a two-hundred day moving average of $721.48. Casey’s General Stores, Inc. has a twelve month low of $490.00 and a twelve month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $2.63 EPS. On average, analysts forecast that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s payout ratio is presently 11.90%.

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.