Dynasty Wealth Management LLC Invests $609,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Dynasty Wealth Management LLC purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,912 shares of the company’s stock, valued at approximately $609,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC bought a new stake in shares of Casey’s General Stores during the 1st quarter worth approximately $30,000. Advisors Asset Management Inc. bought a new stake in shares of Casey’s General Stores during the 1st quarter worth approximately $32,000. V Square Quantitative Management LLC bought a new stake in shares of Casey’s General Stores during the 4th quarter worth approximately $35,000. McGlone Suttner Wealth Management Inc. bought a new position in Casey’s General Stores in the 4th quarter valued at approximately $36,000. Finally, ICA Group Wealth Management LLC bought a new position in Casey’s General Stores in the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Up 0.4 %

Shares of CASY traded up $1.46 during trading hours on Wednesday, hitting $389.00. 61,601 shares of the stock were exchanged, compared to its average volume of 287,599. Casey’s General Stores, Inc. has a fifty-two week low of $238.44 and a fifty-two week high of $401.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.87 and a quick ratio of 0.42. The business has a 50-day moving average of $363.05 and a 200-day moving average of $325.26. The firm has a market capitalization of $14.44 billion, a P/E ratio of 28.86, a price-to-earnings-growth ratio of 2.80 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.64. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company posted $1.49 earnings per share. Casey’s General Stores’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts expect that Casey’s General Stores, Inc. will post 14.2 EPS for the current year.

Casey’s General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 1st. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a dividend yield of 0.51%. Casey’s General Stores’s dividend payout ratio is 12.81%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CASY shares. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Benchmark reissued a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, July 24th. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Evercore ISI upped their price target on shares of Casey’s General Stores from $410.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a research report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $410.22.

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.