Nationwide Fund Advisors increased its holdings in Caseys General Stores, Inc. (NASDAQ:CASY) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,708 shares of the company’s stock after purchasing an additional 20,864 shares during the quarter. Nationwide Fund Advisors owned 0.39% of Caseys General Stores worth $16,035,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Karp Capital Management Corp purchased a new position in Caseys General Stores in the 1st quarter worth $1,785,000. Ameriprise Financial Inc. grew its holdings in Caseys General Stores by 1.7% in the 1st quarter. Ameriprise Financial Inc. now owns 160,221 shares of the company’s stock worth $17,985,000 after acquiring an additional 2,732 shares during the last quarter. Sei Investments Co. grew its holdings in Caseys General Stores by 3.7% in the 1st quarter. Sei Investments Co. now owns 65,270 shares of the company’s stock worth $7,327,000 after acquiring an additional 2,309 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Caseys General Stores by 56.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,839 shares of the company’s stock worth $1,804,000 after acquiring an additional 6,093 shares during the last quarter. Finally, Crawford Investment Counsel Inc. bought a new stake in Caseys General Stores in the 2nd quarter worth $1,629,000. Institutional investors own 99.83% of the company’s stock.
Caseys General Stores, Inc. (NASDAQ CASY) opened at 108.98 on Thursday. The company has a 50-day moving average of $106.13 and a 200 day moving average of $109.18. The stock has a market cap of $4.13 billion, a P/E ratio of 25.75 and a beta of 0.50. 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 issued its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.46. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 earnings per share. Analysts predict that Caseys General Stores, Inc. will post $4.40 EPS for the current year.
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, October 31st. Caseys General Stores’s dividend payout ratio is presently 24.53%.
In other news, SVP John C. Soupene sold 1,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total transaction of $106,520.00. Following the completion of the transaction, the senior vice president now directly owns 1,253 shares of the company’s stock, valued at $133,469.56. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.
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A number of equities research analysts have recently weighed in on CASY shares. BMO Capital Markets set a $110.00 target price on shares of Caseys General Stores and gave the company a “market perform” rating in a research note on Wednesday, June 7th. Barclays PLC lowered their price target on shares of Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 7th. Jefferies Group LLC set a $139.00 price target on shares of Caseys General Stores and gave the company a “buy” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $121.00 target price (down from $123.00) on shares of Caseys General Stores in a report on Monday, May 29th. Finally, Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $115.29.
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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