Atria Wealth Solutions Inc. Has $651,000 Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Atria Wealth Solutions Inc. lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 49.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,368 shares of the company’s stock after acquiring an additional 783 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Casey’s General Stores were worth $651,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. LexAurum Advisors LLC raised its position in shares of Casey’s General Stores by 3.1% in the 4th quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock worth $362,000 after acquiring an additional 40 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Casey’s General Stores by 12.8% in the third quarter. Signaturefd LLC now owns 387 shares of the company’s stock valued at $105,000 after acquiring an additional 44 shares in the last quarter. Savant Capital LLC grew its holdings in Casey’s General Stores by 5.0% during the third quarter. Savant Capital LLC now owns 974 shares of the company’s stock valued at $264,000 after purchasing an additional 46 shares during the period. Raymond James Trust N.A. grew its holdings in Casey’s General Stores by 5.0% during the fourth quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock valued at $284,000 after purchasing an additional 49 shares during the period. Finally, Portside Wealth Group LLC grew its holdings in Casey’s General Stores by 4.7% during the third quarter. Portside Wealth Group LLC now owns 1,155 shares of the company’s stock valued at $315,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CASY. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Benchmark reaffirmed a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 6th. BMO Capital Markets raised their price objective on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Evercore ISI cut their target price on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company raised their target price on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $312.63.

Casey’s General Stores Stock Down 0.8 %

Shares of Casey’s General Stores stock opened at $313.92 on Friday. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 2.30 and a beta of 0.82. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $310.66 and its 200 day moving average is $289.28. Casey’s General Stores, Inc. has a twelve month low of $212.50 and a twelve month high of $324.40.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.36 EPS. Research analysts anticipate that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.55%. Casey’s General Stores’s payout ratio is currently 13.67%.

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.