Infrastructure Capital Advisors LLC Has $301,000 Stock Position in Casey’s General Stores, Inc. $CASY

Infrastructure Capital Advisors LLC reduced its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 64.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 413 shares of the company’s stock after selling 751 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Casey’s General Stores were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CASY. NewEdge Advisors LLC raised 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 worth $812,000 after acquiring an additional 113 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Casey’s General Stores by 129.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after purchasing an additional 105 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Casey’s General Stores by 431.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after purchasing an additional 177 shares in the last quarter. Amundi bought a new stake in shares of Casey’s General Stores during the 2nd quarter valued at approximately $338,000. Finally, Jump Financial LLC grew its holdings 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 during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insider Activity at Casey’s General Stores

In other news, Director Allison M. Wing sold 530 shares of Casey’s General Stores stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the transaction, the director owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad Michael Frazell sold 3,013 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the completion of the sale, the insider directly owned 9,823 shares in the company, valued at approximately $7,735,514.27. This represents a 23.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,243 shares of company stock valued at $24,421,877 in the last quarter. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the subject of a number of research analyst reports. Capital One Financial assumed coverage on shares of Casey’s General Stores in a research report on Monday, June 22nd. They set an “equal weight” rating and a $896.00 price objective for the company. William Blair began coverage on shares of Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating on the stock. Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,000.00 price target on shares of Casey’s General Stores in a report on Monday, June 15th. Finally, Evercore reiterated an “outperform” rating and issued a $990.00 price target on shares of Casey’s General Stores in a research note on Friday, June 12th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $940.00.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $853.38 on Tuesday. The business has a 50 day moving average of $821.62 and a 200-day moving average of $745.63. The company has a market capitalization of $31.58 billion, a P/E ratio of 44.54, a P/E/G ratio of 2.58 and a beta of 0.62. Casey’s General Stores, Inc. has a 1 year low of $490.00 and a 1 year high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the company earned $2.63 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 21.14 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is 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.