Avantax Planning Partners Inc. Grows Stock Holdings in Casey’s General Stores, Inc. $CASY

Avantax Planning Partners Inc. grew its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 75.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,176 shares of the company’s stock after acquiring an additional 3,085 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Casey’s General Stores were worth $3,966,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CASY. Allworth Financial LP raised its stake in shares of Casey’s General Stores by 5.7% during the 4th quarter. Allworth Financial LP now owns 1,293 shares of the company’s stock worth $715,000 after acquiring an additional 70 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in Casey’s General Stores by 4.0% in the fourth quarter. Meridian Wealth Management LLC now owns 1,519 shares of the company’s stock valued at $840,000 after acquiring an additional 58 shares in the last quarter. Money Concepts Capital Corp grew its holdings in Casey’s General Stores by 23.0% in the fourth quarter. Money Concepts Capital Corp now owns 2,712 shares of the company’s stock worth $1,499,000 after purchasing an additional 508 shares during the last quarter. Bailard Inc. grew its holdings in Casey’s General Stores by 13.0% in the fourth quarter. Bailard Inc. now owns 2,146 shares of the company’s stock worth $1,186,000 after purchasing an additional 247 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in Casey’s General Stores in the fourth quarter worth $475,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

CASY opened at $877.48 on Friday. The firm has a market capitalization of $32.43 billion, a PE ratio of 50.37, a P/E/G ratio of 2.46 and a beta of 0.65. The firm has a 50 day moving average of $748.46 and a two-hundred day moving average of $645.66. Casey’s General Stores, Inc. has a 12-month low of $430.00 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.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $2.33 earnings per share. On average, analysts anticipate that Casey’s General Stores, Inc. will post 18.24 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 13.09%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction that occurred on 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 directly owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mike Spanos acquired 300 shares of the stock in a transaction on Friday, March 13th. The stock was bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the transaction, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. This represents a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank Of Canada increased their price objective on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. KeyCorp boosted their target price on Casey’s General Stores from $830.00 to $860.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, JPMorgan Chase & Co. began coverage on Casey’s General Stores in a research note on Thursday, March 26th. They set a “neutral” rating and a $719.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $725.09.

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.