Sanctuary Advisors LLC Buys New Shares in Casey’s General Stores, Inc. $CASY

Sanctuary Advisors LLC bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,287 shares of the company’s stock, valued at approximately $17,713,000. Sanctuary Advisors LLC owned approximately 0.06% of Casey’s General Stores at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Casey’s General Stores by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after purchasing an additional 52,250 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in shares of Casey’s General Stores by 103.5% during the first quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,245 shares in the last quarter. North Dakota State Investment Board purchased a new position in Casey’s General Stores in the fourth quarter valued at $720,000. Jackson Creek Investment Advisors LLC purchased a new position in Casey’s General Stores in the fourth quarter valued at $1,338,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Casey’s General Stores by 52.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,079 shares of the company’s stock valued at $12,431,000 after buying an additional 5,846 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction on Monday, June 29th. The shares were sold at an average price of $800.00, for a total value of $1,600,000.00. Following the transaction, the insider directly owned 6,668 shares of the company’s stock, valued at $5,334,400. The trade was a 23.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the completion of the sale, the chief financial officer owned 29,677 shares of the company’s stock, valued at approximately $24,874,074.32. This trade represents a 16.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 30,243 shares of company stock valued at $24,421,877. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on CASY shares. 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. Stephens set a $975.00 price objective on Casey’s General Stores and gave the company an “overweight” rating in a report on Friday, June 12th. JPMorgan Chase & Co. boosted their target price on Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a research note on Friday, June 12th. UBS Group boosted their price objective on shares of 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. Finally, Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a report on Wednesday, June 10th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average price target of $944.20.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $835.74 on Monday. Casey’s General Stores, Inc. has a fifty-two week low of $490.00 and a fifty-two week high of $927.85. 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 company has a market capitalization of $30.93 billion, a P/E ratio of 43.62, a PEG ratio of 2.86 and a beta of 0.61. The stock has a 50-day simple moving average of $837.28 and a 200-day simple moving average of $776.94.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 EPS. Equities research analysts expect that Casey’s General Stores, Inc. will post 21.11 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Saturday, August 1st were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is currently 13.57%.

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.