Foundations Investment Advisors LLC Takes $385,000 Position in Casey’s General Stores, Inc. $CASY

Foundations Investment Advisors LLC bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, Holdings Channel reports. The institutional investor bought 697 shares of the company’s stock, valued at approximately $385,000.

A number of other institutional investors also recently modified their holdings of CASY. Foster Dykema Cabot & Partners LLC bought a new position in shares of Casey’s General Stores in the third quarter valued at approximately $25,000. Westside Investment Management Inc. raised its stake in shares of Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after acquiring an additional 23 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Casey’s General Stores in the third quarter valued at approximately $33,000. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

CASY has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted their target price on shares of Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. KeyCorp lifted their target price on shares of Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. UBS Group lifted their target price on shares of Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Stephens restated an “overweight” rating and issued a $680.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Finally, Evercore restated an “outperform” rating and issued a $915.00 price objective on shares of Casey’s General Stores in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $752.36.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos bought 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director directly owned 4,499 shares in the company, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Up 1.2%

Shares of NASDAQ CASY opened at $754.21 on Wednesday. The firm has a market capitalization of $27.88 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. 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, Inc. has a 1 year low of $433.16 and a 1 year high of $901.00. The firm’s 50-day moving average is $782.11 and its 200-day moving average is $669.99.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the firm earned $2.33 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Equities analysts expect that Casey’s General Stores, Inc. will post 18.19 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.57 per share. The ex-dividend date was Friday, May 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is presently 13.09%.

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.