Sanctuary Advisors LLC Raises Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Sanctuary Advisors LLC lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,514 shares of the company’s stock after buying an additional 523 shares during the quarter. Sanctuary Advisors LLC’s holdings in Casey’s General Stores were worth $2,072,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Casey’s General Stores in the 2nd quarter valued at about $32,000. Venturi Wealth Management LLC grew its holdings in shares of Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the period. V Square Quantitative Management LLC raised its stake in Casey’s General Stores by 22.5% during the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Casey’s General Stores in the 2nd quarter valued at approximately $68,000. Finally, Quarry LP acquired a new stake in shares of Casey’s General Stores during the 2nd quarter worth approximately $72,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CASY. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. cut Casey’s General Stores from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Royal Bank of Canada increased their target price on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised 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 note on Friday, September 6th. Finally, Evercore ISI upped their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average price target of $424.00.

Casey’s General Stores Trading Down 3.6 %

NASDAQ:CASY opened at $406.16 on Thursday. Casey’s General Stores, Inc. has a 1 year low of $268.07 and a 1 year high of $439.68. The stock has a market cap of $15.08 billion, a P/E ratio of 28.30 and a beta of 0.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.44 and a current ratio of 0.88. The stock has a 50-day simple moving average of $407.19 and a 200-day simple moving average of $383.58.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the company posted $4.24 earnings per share. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Investors of record on Monday, February 3rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.49%. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Insider Activity at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the sale, the insider now owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.

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.