WealthPlan Investment Management LLC Sells 10,319 Shares of Casey’s General Stores, Inc. $CASY

WealthPlan Investment Management LLC lessened its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 27.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,751 shares of the company’s stock after selling 10,319 shares during the quarter. Casey’s General Stores comprises 0.9% of WealthPlan Investment Management LLC’s portfolio, making the stock its 26th largest holding. WealthPlan Investment Management LLC’s holdings in Casey’s General Stores were worth $14,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in Casey’s General Stores by 6.4% during the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after acquiring an additional 113 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings 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 worth $81,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Casey’s General Stores by 431.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after purchasing an additional 177 shares in the last quarter. Amundi bought a new position in Casey’s General Stores in the 2nd quarter valued at $338,000. Finally, Jump Financial LLC grew its position in shares of Casey’s General Stores by 42.6% during the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock valued at $494,000 after purchasing an additional 289 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Casey’s General Stores

In other news, insider Katrina S. Lindsey sold 200 shares of Casey’s General Stores stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of several research analyst reports. Zacks Research raised shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. BMO Capital Markets restated a “market perform” rating and set a $700.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 4th. Jefferies Financial Group boosted their target price on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Royal Bank Of Canada boosted their target price on Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $725.09.

Casey’s General Stores Stock Performance

Shares of CASY opened at $852.75 on Friday. The company has a market cap of $31.52 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $751.84 and a 200-day moving average price of $647.10. Casey’s General Stores, Inc. has a 12-month low of $433.16 and a 12-month high of $901.00.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the company posted $2.33 EPS. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 18.24 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is 13.09%.

About Casey’s General Stores

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.