Casey’s General Stores, Inc. $CASY Shares Sold by Robbins Farley

Robbins Farley cut its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 19.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,226 shares of the company’s stock after selling 2,047 shares during the period. Casey’s General Stores accounts for about 2.7% of Robbins Farley’s holdings, making the stock its 10th biggest position. Robbins Farley’s holdings in Casey’s General Stores were worth $5,987,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Foster Dykema Cabot & Partners LLC purchased a new position in Casey’s General Stores during the 3rd quarter worth $25,000. True Wealth Design LLC grew its holdings in shares of Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Casey’s General Stores by 52.8% during the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares during the last quarter. Vermillion & White Wealth Management Group LLC acquired a new position in Casey’s General Stores in the 3rd quarter valued at about $35,000. Finally, ORG Partners LLC raised its stake in Casey’s General Stores by 47.6% during the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after acquiring an additional 20 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CASY has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on Casey’s General Stores from $792.00 to $794.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 10th. William Blair initiated coverage on shares of Casey’s General Stores in a report on Wednesday, May 20th. They issued an “outperform” rating on the stock. Wolfe Research reiterated an “outperform” rating and set a $1,069.00 price target on shares of Casey’s General Stores in a research note on Thursday, June 11th. UBS Group increased their price target on shares of Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $695.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, June 10th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $923.00.

Casey’s General Stores Price Performance

CASY stock opened at $831.67 on Tuesday. The firm has a 50 day moving average of $813.45 and a 200-day moving average of $698.71. The company has a market cap of $30.74 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 2.55 and a beta of 0.61. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 12-month low of $490.00 and a 12-month high of $927.85.

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

Casey’s General Stores Increases Dividend

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

About Casey’s General Stores

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.