Evexia Wealth LLC Acquires 268 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Evexia Wealth LLC boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,155 shares of the company’s stock after buying an additional 268 shares during the quarter. Casey’s General Stores makes up about 1.2% of Evexia Wealth LLC’s investment portfolio, making the stock its 29th largest holding. Evexia Wealth LLC’s holdings in Casey’s General Stores were worth $2,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of Casey’s General Stores by 68.6% in the 3rd quarter. SG Americas Securities LLC now owns 1,135 shares of the company’s stock worth $308,000 after purchasing an additional 462 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Casey’s General Stores by 7.6% in the third quarter. Commonwealth Equity Services LLC now owns 16,639 shares of the company’s stock worth $4,518,000 after buying an additional 1,174 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Casey’s General Stores by 20.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,290 shares of the company’s stock valued at $1,979,000 after buying an additional 1,221 shares in the last quarter. CENTRAL TRUST Co grew its stake in shares of Casey’s General Stores by 14.4% during the 3rd quarter. CENTRAL TRUST Co now owns 597 shares of the company’s stock valued at $162,000 after acquiring an additional 75 shares during the period. Finally, Steph & Co. increased its holdings in Casey’s General Stores by 4.6% in the 3rd quarter. Steph & Co. now owns 1,203 shares of the company’s stock worth $327,000 after acquiring an additional 53 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

Casey’s General Stores stock traded up $6.66 during midday trading on Tuesday, reaching $329.86. 345,971 shares of the stock traded hands, compared to its average volume of 282,119. The stock has a market cap of $12.21 billion, a P/E ratio of 26.22, a PEG ratio of 2.28 and a beta of 0.82. The stock’s fifty day moving average is $311.72 and its 200-day moving average is $290.43. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. Casey’s General Stores, Inc. has a 12 month low of $212.50 and a 12 month high of $330.80.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the prior year, the company earned $2.36 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.52%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.67%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $312.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 6th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Wells Fargo & Company raised their price target on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Evercore ISI dropped their price objective on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, BMO Capital Markets lifted their target price on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $312.63.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.