Texas Yale Capital Corp. Buys 375 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Texas Yale Capital Corp. grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,118 shares of the company’s stock after purchasing an additional 375 shares during the quarter. Texas Yale Capital Corp.’s holdings in Casey’s General Stores were worth $1,353,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Casey’s General Stores in the 1st quarter worth about $25,000. Global Financial Private Client LLC grew its holdings in Casey’s General Stores by 325.0% during 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 in the last quarter. Iron Horse Wealth Management LLC grew its holdings in shares of Casey’s General Stores by 40.0% during the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after purchasing an additional 26 shares in the last quarter. Whipplewood Advisors LLC grew its holdings 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 purchasing an additional 72 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in shares of Casey’s General Stores during the first quarter worth about $59,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Evercore ISI boosted their target price on 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. The Goldman Sachs Group boosted their price objective on Casey’s General Stores from $385.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, June 11th. Stephens reiterated an “overweight” rating and issued a $490.00 price objective on shares of Casey’s General Stores in a research report on Tuesday, June 10th. KeyCorp boosted their price objective on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Royal Bank Of Canada boosted their price objective on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $467.33.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total value of $1,012,140.00. Following the sale, the insider directly owned 4,636 shares of the company’s stock, valued at $2,346,140.52. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chad Michael Frazell sold 4,808 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $503.97, for a total value of $2,423,087.76. Following the completion of the sale, the insider directly owned 11,480 shares in the company, valued at approximately $5,785,575.60. The trade was a 29.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,646 shares of company stock valued at $22,136,614 over the last 90 days. 0.54% of the stock is currently owned by company insiders.

Casey’s General Stores Price Performance

CASY opened at $527.51 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. Casey’s General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $531.24. The stock has a market capitalization of $19.61 billion, a PE ratio of 36.03 and a beta of 0.69. The stock’s 50 day moving average price is $491.40 and its 200-day moving average price is $448.60.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.69. Casey’s General Stores had a return on equity of 16.28% and a net margin of 3.43%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.95 billion. During the same period in the previous year, the firm earned $2.34 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.43%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, August 1st. Casey’s General Stores’s dividend payout ratio is presently 13.66%.

About Casey’s General Stores

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.