Wendell David Associates Inc. Purchases 1,465 Shares of Casey’s General Stores, Inc. $CASY

Wendell David Associates Inc. boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 21.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,440 shares of the company’s stock after acquiring an additional 1,465 shares during the quarter. Wendell David Associates Inc.’s holdings in Casey’s General Stores were worth $4,771,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CASY. NewEdge Advisors LLC lifted its holdings in Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after buying an additional 113 shares during the period. Geneos Wealth Management Inc. increased its position in Casey’s General Stores by 129.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after purchasing an additional 105 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Casey’s General Stores by 65.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,361 shares of the company’s stock valued at $2,773,000 after purchasing an additional 2,124 shares during the period. Park Avenue Securities LLC bought a new position in Casey’s General Stores during the 2nd quarter worth approximately $828,000. Finally, GAMMA Investing LLC lifted its position in shares of Casey’s General Stores by 20.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,510 shares of the company’s stock worth $771,000 after purchasing an additional 257 shares during the period. Institutional investors own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on CASY shares. Royal Bank Of Canada upped their price target on shares of Casey’s General Stores from $570.00 to $591.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 10th. Evercore ISI boosted their price objective on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Bank of America assumed coverage on Casey’s General Stores in a research note on Friday, January 9th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a research note on Thursday, January 8th. Finally, Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average price target of $614.91.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $618.81 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a twelve month low of $372.08 and a twelve month high of $647.99. The stock’s 50 day moving average is $571.60 and its 200-day moving average is $544.54. The firm has a market capitalization of $22.94 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.21 and a beta of 0.67.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same quarter in the previous year, the business posted $4.85 EPS. Casey’s General Stores’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

Insider Transactions at Casey’s General Stores

In related news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the acquisition, the director owned 803 shares of the company’s stock, valued at approximately $445,391.98. This trade represents a 59.64% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Company 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.