Dillon & Associates Inc. Invests $576,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Dillon & Associates Inc. acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,533 shares of the company’s stock, valued at approximately $576,000.

A number of other institutional investors also recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of Casey’s General Stores by 19.1% in the 1st quarter. Sei Investments Co. now owns 45,149 shares of the company’s stock worth $14,379,000 after purchasing an additional 7,235 shares during the period. US Bancorp DE boosted its stake in shares of Casey’s General Stores by 11.6% during the 1st quarter. US Bancorp DE now owns 2,802 shares of the company’s stock worth $892,000 after acquiring an additional 291 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Casey’s General Stores during the 1st quarter valued at $226,000. Koshinski Asset Management Inc. purchased a new stake in shares of Casey’s General Stores in the 1st quarter worth $229,000. Finally, TD Asset Management Inc raised its holdings in Casey’s General Stores by 2.5% in the 1st quarter. TD Asset Management Inc now owns 220,257 shares of the company’s stock worth $70,141,000 after purchasing an additional 5,296 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $417.06 on Wednesday. The business’s 50-day moving average is $384.29 and its 200 day moving average is $368.07. Casey’s General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $420.27. The company has a market capitalization of $15.48 billion, a P/E ratio of 30.35 and a beta of 0.79. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the firm earned $4.52 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. Casey’s General Stores’s payout ratio is currently 14.56%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CASY. Evercore ISI upped their price target on Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Melius Research initiated coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Gordon Haskett began coverage on shares of Casey’s General Stores in a research report on Monday, November 4th. They set a “hold” rating and a $400.00 price objective on the stock. Finally, Wells Fargo & Company upped their target price on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $408.25.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos purchased 267 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was bought at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the sale, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 267 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, with a total value of $100,440.06. Following the completion of the purchase, the director now owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

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.