Clarus Wealth Advisors Acquires Shares of 641 Casey’s General Stores, Inc. (NASDAQ:CASY)

Clarus Wealth Advisors bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 641 shares of the company’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Versant Capital Management Inc bought a new position in shares of Casey’s General Stores in the first quarter worth about $25,000. Global Financial Private Client LLC boosted its position in Casey’s General Stores by 325.0% in the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. YANKCOM Partnership acquired a new stake in shares of Casey’s General Stores in the 4th quarter valued at $34,000. Whipplewood Advisors LLC raised its position in shares of Casey’s General Stores by 160.0% during the first quarter. Whipplewood Advisors LLC now owns 117 shares of the company’s stock worth $51,000 after acquiring an additional 72 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Casey’s General Stores during the fourth quarter valued at $79,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Trading Up 0.5%

NASDAQ CASY opened at $440.00 on Tuesday. The firm has a market cap of $16.33 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.40 and a beta of 0.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49. The stock’s 50-day moving average is $446.90 and its 200-day moving average is $423.29. Casey’s General Stores, Inc. has a one year low of $313.89 and a one year high of $474.97.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the prior year, the business earned $2.33 EPS. Casey’s General Stores’s revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.45%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 250 shares of Casey’s General Stores stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now owns 2,443 shares of the company’s stock, valued at approximately $1,067,615.43. This trade represents a 9.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mike Spanos purchased 256 shares of Casey’s General Stores stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. The trade was a 8.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CASY. Wall Street Zen lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Friday. Evercore ISI lifted their price target on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Royal Bank of Canada set a $438.00 price target on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a research note on Wednesday, March 12th. KeyCorp initiated coverage on shares of Casey’s General Stores in a research note on Friday, April 11th. They issued an “overweight” rating and a $500.00 price objective on the stock. Finally, Stephens raised shares of Casey’s General Stores to a “strong-buy” rating in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $430.33.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.