OneDigital Investment Advisors LLC grew its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 111.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,004 shares of the company's stock after acquiring an additional 2,113 shares during the period. OneDigital Investment Advisors LLC's holdings in Casey's General Stores were worth $1,504,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc increased its position in Casey's General Stores by 10.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 317 shares of the company's stock worth $121,000 after purchasing an additional 29 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in Casey's General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company's stock worth $59,000 after buying an additional 29 shares during the last quarter. Verus Capital Partners LLC raised its position in Casey's General Stores by 3.1% during the third quarter. Verus Capital Partners LLC now owns 991 shares of the company's stock valued at $372,000 after acquiring an additional 30 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in Casey's General Stores by 0.3% during the second quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company's stock valued at $4,872,000 after acquiring an additional 37 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its stake in Casey's General Stores by 12.4% in the third quarter. Raleigh Capital Management Inc. now owns 354 shares of the company's stock valued at $133,000 after acquiring an additional 39 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.
In other Casey's General Stores news, Director Mike Spanos purchased 267 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares of the company's stock, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the insider now owns 9,044 shares of the company's stock, valued at approximately $3,438,890.56. This represents a 24.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.
NASDAQ CASY opened at $401.40 on Monday. The company's fifty day moving average is $386.44 and its two-hundred day moving average is $369.86. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 29.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. Casey's General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $420.27.
Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the company posted $4.52 earnings per share. The company's quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts forecast that Casey's General Stores, Inc. will post 14.24 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.50%. Casey's General Stores's dividend payout ratio (DPR) is currently 14.56%.
A number of research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Benchmark reaffirmed 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. Melius Research initiated coverage on Casey's General Stores in a report on Monday, September 23rd. They set a "buy" rating and a $435.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Evercore ISI lifted their price target on shares of Casey's General Stores from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. One equities 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 stock. According to MarketBeat.com, Casey's General Stores has an average rating of "Moderate Buy" and an average price target of $408.25.
Read Our Latest Research Report on 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.
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