King Luther Capital Management Corp continued to hold its position in shares of Caseys General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,355 shares of the company’s stock at the end of the second quarter. King Luther Capital Management Corp’s holdings in Caseys General Stores were worth $252,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Caseys General Stores by 46.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after buying an additional 566 shares during the period. Engine Capital Management LLC increased its position in Caseys General Stores by 740.3% during the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $225,000 after buying an additional 1,762 shares during the period. Neuberger Berman Group LLC acquired a new position in Caseys General Stores during the first quarter worth approximately $275,000. Financial Counselors Inc. acquired a new position in Caseys General Stores during the first quarter worth approximately $281,000. Finally, Denver Investment Advisors LLC increased its position in Caseys General Stores by 24.5% during the second quarter. Denver Investment Advisors LLC now owns 2,540 shares of the company’s stock worth $272,000 after buying an additional 500 shares during the period. 99.83% of the stock is currently owned by institutional investors.
Several research firms have commented on CASY. Sidoti lowered Caseys General Stores from a “buy” rating to a “neutral” rating and cut their price target for the stock from $130.00 to $118.00 in a research report on Tuesday, June 6th. Royal Bank Of Canada dropped their target price on Caseys General Stores from $121.00 to $118.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 6th. BMO Capital Markets set a $116.00 target price on Caseys General Stores and gave the company a “hold” rating in a report on Wednesday, May 31st. Zacks Investment Research lowered Caseys General Stores from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub raised Caseys General Stores from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $115.29.
Shares of Caseys General Stores, Inc. (NASDAQ CASY) opened at 108.98 on Thursday. The stock has a market capitalization of $4.13 billion, a P/E ratio of 25.75 and a beta of 0.50. The company has a 50 day moving average price of $106.13 and a 200-day moving average price of $109.18. Caseys General Stores, Inc. has a 1-year low of $99.76 and a 1-year high of $126.49.
Caseys General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, meeting the consensus estimate of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the firm earned $1.70 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Caseys General Stores, Inc. will post $4.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Tuesday, October 31st. Caseys General Stores’s dividend payout ratio (DPR) is presently 24.53%.
In other news, SVP John C. Soupene sold 1,000 shares of Caseys General Stores stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total transaction of $106,520.00. Following the transaction, the senior vice president now directly owns 1,253 shares in the company, valued at approximately $133,469.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
Caseys General Stores Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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