JLB & Associates Inc. Buys Shares of 50,435 Casey’s General Stores, Inc. $CASY

JLB & Associates Inc. purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,435 shares of the company’s stock, valued at approximately $40,085,000. Casey’s General Stores comprises approximately 5.4% of JLB & Associates Inc.’s investment portfolio, making the stock its 3rd biggest position.

A number of other large investors have also made changes to their positions in CASY. Whipplewood Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 1st quarter valued at $33,000. Bell Investment Advisors Inc purchased a new position in Casey’s General Stores during the 2nd quarter worth $33,000. Larson Financial Group LLC grew its stake in Casey’s General Stores by 252.4% during the 4th quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock worth $41,000 after buying an additional 53 shares during the last quarter. RMG Wealth Management LLC increased its position in Casey’s General Stores by 250.0% during the 1st quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock valued at $41,000 after buying an additional 40 shares in the last quarter. Finally, Elyxium Wealth LLC acquired a new position in Casey’s General Stores during the 4th quarter valued at about $43,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on CASY. Stephens set a $975.00 price target on Casey’s General Stores and gave the company an “overweight” rating in a research note on Friday, June 12th. UBS Group upped their price objective on shares of Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. KeyCorp increased their price objective on shares of Casey’s General Stores from $950.00 to $970.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price for the company in a research note on Monday, July 13th. Finally, Wells Fargo & Company boosted their target price on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $944.20.

Casey’s General Stores Trading Down 1.7%

Shares of NASDAQ:CASY opened at $855.00 on Wednesday. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The stock has a market cap of $31.64 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 2.54 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $841.81 and a 200-day moving average price of $772.32.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The firm had revenue of $4.57 billion during 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 company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 earnings per share. Equities analysts predict that Casey’s General Stores, Inc. will post 21.14 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Saturday, August 1st were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.57%.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Allison M. Wing sold 530 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total value of $443,917.40. Following the sale, the director directly owned 3,042 shares of the company’s stock, valued at $2,547,918.36. This represents a 14.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the stock in a transaction on Wednesday, July 8th. The stock was 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 in the company, valued at $24,874,074.32. The trade was a 16.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,243 shares of company stock worth $24,421,877. Corporate insiders own 0.67% 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.