Casey’s General Stores, Inc. $CASY Shares Acquired by Inspire Investing LLC

Inspire Investing LLC lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 73.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,090 shares of the company’s stock after purchasing an additional 3,837 shares during the quarter. Inspire Investing LLC’s holdings in Casey’s General Stores were worth $5,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CASY. NewEdge Advisors LLC raised its position in shares of Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after purchasing an additional 113 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Casey’s General Stores by 129.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Casey’s General Stores by 431.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after purchasing an additional 177 shares during the period. Amundi acquired a new stake in shares of Casey’s General Stores during the 2nd quarter worth approximately $338,000. Finally, Jump Financial LLC raised its position 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. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Stock Down 1.7%

CASY opened at $850.85 on Thursday. Casey’s General Stores, Inc. has a 12 month low of $490.00 and a 12 month high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The stock has a market cap of $31.45 billion, a P/E ratio of 44.41, a P/E/G ratio of 2.62 and a beta of 0.61. The stock’s 50 day moving average price is $808.31 and its 200 day moving average price is $693.01.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the firm earned $2.63 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. As a group, research analysts predict that Casey’s General Stores, Inc. will post 20.9 earnings per share for the current year.

Casey’s General Stores Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on CASY shares. UBS Group increased their price target on Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. William Blair assumed coverage on Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $1,000.00 target price on shares of Casey’s General Stores in a research report on Monday. Zacks Research cut Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, JPMorgan Chase & Co. raised their target price on Casey’s General Stores from $719.00 to $975.00 and gave the company a “neutral” rating in a research report on Friday, June 12th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $925.25.

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.