OneDigital Investment Advisors LLC Invests $582,000 in Casey’s General Stores, Inc. $CASY

OneDigital Investment Advisors LLC bought a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, HoldingsChannel reports. The fund bought 732 shares of the company’s stock, valued at approximately $582,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kathmere Capital Management LLC grew its stake in shares of Casey’s General Stores by 3.5% in the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock worth $282,000 after purchasing an additional 13 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Casey’s General Stores by 4.8% during the first quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock valued at $221,000 after purchasing an additional 14 shares in the last quarter. Lincoln Capital LLC raised its stake in shares of Casey’s General Stores by 4.0% during the second quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock valued at $291,000 after purchasing an additional 14 shares in the last quarter. Menard Financial Group LLC lifted its holdings in Casey’s General Stores by 1.2% in the fourth quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock worth $700,000 after purchasing an additional 15 shares during the period. Finally, Cibc World Market Inc. lifted its holdings in Casey’s General Stores by 0.3% in the fourth quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock worth $2,839,000 after purchasing an additional 16 shares during the period. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 2,000 shares of Casey’s General Stores stock in a transaction that occurred 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 owned 6,668 shares in the company, valued at approximately $5,334,400. The trade was a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $4,777,512.00. Following the completion of the transaction, the chief financial officer directly owned 29,677 shares in the company, valued at $24,874,074.32. This represents a 16.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 30,243 shares of company stock valued at $24,421,877. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $913.00 target price on shares of Casey’s General Stores in a research report on Wednesday, July 29th. KeyCorp upped their price target on shares of Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. The Goldman Sachs Group increased their price objective on shares of Casey’s General Stores from $695.00 to $795.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company boosted their target price 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. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $944.20.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $855.00 on Wednesday. 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’s 50-day moving average price is $841.81 and its 200 day moving average price is $772.32. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The firm has a market cap of $31.64 billion, a P/E ratio of 44.62, a PEG ratio of 2.54 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the prior year, the company earned $2.63 EPS. Casey’s General Stores’s revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

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

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.