OneDigital Investment Advisors LLC Has $1.50 Million Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

OneDigital Investment Advisors LLC raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 111.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,004 shares of the company’s stock after purchasing an additional 2,113 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Casey’s General Stores were worth $1,504,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Park Place Capital Corp acquired a new position in shares of Casey’s General Stores in the 2nd quarter worth approximately $31,000. Innealta Capital LLC bought a new position in Casey’s General Stores in the 2nd quarter valued at $32,000. Advisors Asset Management Inc. acquired a new position in Casey’s General Stores in the first quarter worth $32,000. Bank & Trust Co bought a new stake in shares of Casey’s General Stores during the second quarter worth $40,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Casey’s General Stores by 941.7% in the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after buying an additional 113 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Stock Down 1.1 %

Shares of NASDAQ CASY opened at $401.40 on Monday. The firm has a 50 day moving average price of $386.44 and a 200 day moving average price of $369.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock has a market cap of $14.90 billion, a P/E ratio of 29.21 and a beta of 0.79. 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) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.52 EPS. Analysts expect that Casey’s General Stores, Inc. will post 14.24 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on CASY. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their price target for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Melius Research assumed coverage on shares of Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective for the company. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, Wells Fargo & Company boosted their target price on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus target price of $408.25.

Insider Activity at Casey’s General Stores

In related news, Director Mike Spanos acquired 267 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. The trade was a 11.47 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. The trade was a 15.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

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.