Stenger Family Office LLC Buys 1,220 Shares of Casey’s General Stores, Inc. $CASY

Stenger Family Office LLC lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 233.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,743 shares of the company’s stock after buying an additional 1,220 shares during the period. Stenger Family Office LLC’s holdings in Casey’s General Stores were worth $963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Foster Dykema Cabot & Partners LLC acquired a new stake in Casey’s General Stores in the third quarter valued at $25,000. True Wealth Design LLC increased its stake in shares of Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares during the period. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Casey’s General Stores in the 3rd quarter valued at about $35,000. Finally, ORG Partners LLC lifted its stake in Casey’s General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $842.25 on Friday. The firm has a 50-day moving average of $812.00 and a 200-day moving average of $695.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The stock has a market cap of $31.13 billion, a PE ratio of 43.96, a P/E/G ratio of 2.55 and a beta of 0.61. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last announced 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. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. Casey’s General Stores’s revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 20.9 EPS for the current year.

Casey’s General Stores Increases Dividend

The business also recently disclosed 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. This represents a $2.60 annualized dividend and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is 11.90%.

Analysts Set New Price Targets

A number of research firms recently commented on CASY. Wells Fargo & Company lifted their price target on Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. BMO Capital Markets upped their price objective on Casey’s General Stores from $700.00 to $950.00 and gave the company a “market perform” rating in a research note on Thursday, June 11th. JPMorgan Chase & Co. raised their price objective 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. Jefferies Financial Group lifted their target price 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. Finally, William Blair started coverage on Casey’s General Stores in a report on Wednesday, May 20th. They set an “outperform” rating on the stock. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus price target of $925.25.

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.