Evexia Wealth LLC Raises Stake in 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 fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,155 shares of the company’s stock after buying an additional 268 shares during the quarter. Casey’s General Stores accounts for about 1.2% of Evexia Wealth LLC’s portfolio, making the stock its 29th largest holding. Evexia Wealth LLC’s holdings in Casey’s General Stores were worth $2,793,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Morgan Stanley raised its holdings in shares of Casey’s General Stores by 7.7% during the third quarter. Morgan Stanley now owns 1,585,359 shares of the company’s stock worth $430,458,000 after purchasing an additional 113,437 shares during the last quarter. FMR LLC raised its stake in shares of Casey’s General Stores by 5.6% during the 3rd quarter. FMR LLC now owns 732,623 shares of the company’s stock valued at $198,922,000 after buying an additional 38,722 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Casey’s General Stores by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 559,532 shares of the company’s stock valued at $151,924,000 after buying an additional 18,528 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Casey’s General Stores by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,915 shares of the company’s stock worth $73,057,000 after buying an additional 6,867 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Casey’s General Stores by 142.8% during the third quarter. Envestnet Asset Management Inc. now owns 242,923 shares of the company’s stock worth $65,959,000 after acquiring an additional 142,884 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY traded up $6.66 during trading on Tuesday, hitting $329.86. The company had a trading volume of 345,971 shares, compared to its average volume of 282,119. Casey’s General Stores, Inc. has a fifty-two week low of $212.50 and a fifty-two week high of $330.80. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $311.72 and a two-hundred day simple moving average of $290.43. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same period in the previous year, the firm posted $2.36 EPS. Casey’s General Stores’s revenue was down .1% compared to the same quarter last year. On average, research analysts expect that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.52%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio is currently 13.67%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $312.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 6th. BMO Capital Markets increased their price target on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a report on Wednesday, March 13th. Wells Fargo & Company lifted their price objective on shares of 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 lowered their target price on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $312.63.

Casey’s General Stores 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.