YHB Investment Advisors Inc. Increases Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

YHB Investment Advisors Inc. grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,756 shares of the company’s stock after buying an additional 124 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Casey’s General Stores were worth $660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Park Place Capital Corp purchased a new stake in Casey’s General Stores in the 2nd quarter valued at about $31,000. Advisors Asset Management Inc. bought a new stake in shares of Casey’s General Stores during the first quarter valued at approximately $32,000. Innealta Capital LLC bought a new position in Casey’s General Stores in the second quarter worth approximately $32,000. Bank & Trust Co purchased a new position in Casey’s General Stores during the 2nd quarter worth $40,000. Finally, V Square Quantitative Management LLC raised its position in Casey’s General Stores by 22.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Casey’s General Stores

In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the transaction, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CASY shares. Melius Research initiated coverage on Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a report on Monday, July 29th. Evercore ISI boosted 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. Royal Bank of Canada upped their price target on Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. Finally, Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $408.09.

Casey’s General Stores Stock Performance

CASY opened at $386.62 on Friday. The firm has a 50 day moving average of $376.16 and a two-hundred day moving average of $359.31. The firm has a market capitalization of $14.35 billion, a PE ratio of 28.79 and a beta of 0.80. 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, Inc. has a 12-month low of $265.65 and a 12-month high of $401.07.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company earned $4.52 earnings per share. On average, analysts anticipate that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio is currently 14.89%.

About Casey’s General Stores

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.