MidFirst Bank Buys Shares of 993 Casey’s General Stores, Inc. $CASY

MidFirst Bank bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, Holdings Channel reports. The firm bought 993 shares of the company’s stock, valued at approximately $549,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CASY. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Casey’s General Stores during the third quarter valued at $25,000. Central Pacific Bank Trust Division lifted its stake in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC grew its holdings in Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. ORG Partners LLC grew its holdings in Casey’s General Stores by 47.6% during the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after acquiring an additional 20 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new position in Casey’s General Stores during the 3rd quarter worth about $35,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

CASY stock opened at $842.25 on Friday. The firm has a 50 day moving average of $812.00 and a 200 day moving average of $695.95. The stock has a market capitalization of $31.13 billion, a PE ratio of 43.96, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 52 week low of $490.00 and a 52 week high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. Casey’s General Stores’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.63 EPS. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 20.9 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be paid a $0.65 dividend. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is 11.90%.

Analysts Set New Price Targets

CASY has been the subject of several recent research reports. Evercore restated an “outperform” rating and issued a $990.00 price target on shares of Casey’s General Stores in a report on Friday, June 12th. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $695.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, June 10th. Finally, BMO Capital Markets upped their target price on Casey’s General Stores from $700.00 to $950.00 and gave the stock a “market perform” rating in a report on Thursday, June 11th. Eleven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $925.25.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.