Casey’s General Stores, Inc. $CASY Stock Holdings Boosted by Inspire Investing LLC

Inspire Investing LLC raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 73.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,090 shares of the company’s stock after buying an additional 3,837 shares during the period. Inspire Investing LLC’s holdings in Casey’s General Stores were worth $5,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Menard Financial Group LLC boosted its stake in Casey’s General Stores by 1.2% during the 4th quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock valued at $700,000 after purchasing an additional 15 shares in the last quarter. Cibc World Market Inc. boosted its stake in Casey’s General Stores by 0.3% during the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock valued at $2,839,000 after purchasing an additional 16 shares in the last quarter. FSB Premier Wealth Management Inc. boosted its stake in Casey’s General Stores by 0.8% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock valued at $1,292,000 after purchasing an additional 18 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Casey’s General Stores by 4.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 444 shares of the company’s stock valued at $245,000 after purchasing an additional 18 shares in the last quarter. Finally, Regal Investment Advisors LLC boosted its stake in shares of Casey’s General Stores by 1.1% during the 4th quarter. Regal Investment Advisors LLC now owns 1,594 shares of the company’s stock worth $881,000 after acquiring an additional 18 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $695.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, June 10th. Jefferies Financial Group raised their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. William Blair assumed coverage on Casey’s General Stores in a research note on Wednesday, May 20th. They set an “outperform” rating for the company. Finally, BMO Capital Markets raised their price objective on Casey’s General Stores from $700.00 to $950.00 and gave the stock a “market perform” rating in a research note on Thursday, June 11th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $925.25.

Casey’s General Stores Stock Performance

CASY opened at $850.85 on Thursday. The firm has a market cap of $31.45 billion, a PE ratio of 44.41, a P/E/G ratio of 2.62 and a beta of 0.61. 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 business has a fifty day simple moving average of $808.31 and a 200-day simple moving average of $693.01. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping the consensus estimate of $3.31 by $1.06. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.Casey’s General Stores’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.63 earnings per share. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 20.9 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

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

Casey’s General Stores 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.