Sanctuary Advisors LLC Buys New Shares in Casey’s General Stores, Inc. (NASDAQ:CASY)

Sanctuary Advisors LLC bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 4,991 shares of the company’s stock, valued at approximately $1,904,000.

Several other hedge funds have also added to or reduced their stakes in the business. Maven Securities LTD purchased a new position in shares of Casey’s General Stores in the second quarter worth about $382,000. Kestra Investment Management LLC bought a new position in Casey’s General Stores during the 2nd quarter worth approximately $704,000. Cetera Investment Advisers increased its stake in Casey’s General Stores by 7.1% in the 2nd quarter. Cetera Investment Advisers now owns 9,955 shares of the company’s stock worth $3,798,000 after purchasing an additional 664 shares during the period. Point72 Asset Management L.P. bought a new stake in Casey’s General Stores in the second quarter valued at approximately $3,654,000. Finally, Regal Investment Advisors LLC purchased a new stake in shares of Casey’s General Stores during the second quarter valued at approximately $300,000. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

CASY stock opened at $380.74 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The firm has a 50 day moving average price of $372.65 and a 200-day moving average price of $353.80. Casey’s General Stores, Inc. has a 52-week low of $260.13 and a 52-week high of $401.07. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 28.35 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the business earned $4.52 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts forecast that Casey’s General Stores, Inc. will post 14.01 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 14.89%.

Insider Buying and Selling at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the transaction, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CASY shares. BMO Capital Markets lifted their target price on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research note on Thursday, June 13th. Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Finally, Melius Research started coverage on Casey’s General Stores in a research report on Monday, September 23rd. They set a “buy” rating and a $435.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $407.64.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.