OneDigital Investment Advisors LLC Boosts Position in Casey's General Stores, Inc. (NASDAQ:CASY)

OneDigital Investment Advisors LLC increased its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 111.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

Several other hedge funds have also recently bought and sold shares of CASY. US Bancorp DE boosted its position 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 valued at $892,000 after purchasing an additional 291 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Casey's General Stores in the first quarter valued at approximately $226,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Casey's General Stores by 66.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,970 shares of the company's stock valued at $937,000 after purchasing an additional 1,190 shares in the last quarter. Boulder Hill Capital Management LP bought a new position in shares of Casey's General Stores in the first quarter valued at about $3,821,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Casey's General Stores in the first quarter valued at about $253,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This represents a 24.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos acquired 267 shares of the company's stock in a transaction 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 directly owns 2,594 shares of the company's stock, valued at $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company's stock.

Analysts Set New Price Targets

CASY has been the subject of several research analyst reports. StockNews.com lowered Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 3rd. Gordon Haskett assumed coverage on 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. Evercore ISI raised their price objective on Casey's General Stores from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted 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, Melius Research began coverage on Casey's General Stores in a research report on Monday, September 23rd. They set a "buy" rating and a $435.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Casey's General Stores presently has an average rating of "Moderate Buy" and a consensus target price of $408.25.

Casey's General Stores Trading Up 0.8 %

CASY stock traded up $3.20 during midday trading on Monday, reaching $404.60. The company's stock had a trading volume of 164,695 shares, compared to its average volume of 268,253. The stock has a market cap of $15.02 billion, a PE ratio of 29.21 and a beta of 0.79. The business's 50-day simple moving average is $386.44 and its 200-day simple moving average is $369.86. Casey's General Stores, Inc. has a 52 week low of $266.56 and a 52 week high of $420.27. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

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 for the quarter, topping analysts' consensus estimates of $4.54 by $0.29. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $4.52 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Casey's General Stores, Inc. will post 14.24 EPS for the current year.

Casey's General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.49%. Casey's General Stores's dividend payout ratio (DPR) is presently 14.56%.

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.