Teachers Retirement System of The State of Kentucky lessened its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 4.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,121 shares of the company’s stock after selling 1,070 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.06% of Caseys General Stores worth $2,370,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 valued at $191,000 after acquiring an additional 566 shares during the period. Engine Capital Management LLC grew its position in shares of Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock valued at $225,000 after purchasing an additional 1,762 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Caseys General Stores by 0.9% in the second quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after purchasing an additional 23 shares during the last quarter. Denver Investment Advisors LLC grew its position in shares of Caseys General Stores by 24.5% in the second quarter. Denver Investment Advisors LLC now owns 2,540 shares of the company’s stock valued at $272,000 after purchasing an additional 500 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Caseys General Stores by 6.3% in the second quarter. State of Alaska Department of Revenue now owns 2,562 shares of the company’s stock valued at $274,000 after purchasing an additional 151 shares during the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Caseys General Stores, Inc. (NASDAQ CASY) opened at 109.45 on Monday. The company’s 50-day moving average price is $106.13 and its 200 day moving average price is $109.18. Caseys General Stores, Inc. has a 52 week low of $99.76 and a 52 week high of $126.49. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 25.86 and a beta of 0.51.

Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.46. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations 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 was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.70 EPS. On average, analysts predict that Caseys General Stores, Inc. will post $4.40 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued 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%.

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A number of equities analysts have recently commented on the company. BidaskClub upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Royal Bank Of Canada decreased their target price on Caseys General Stores from $121.00 to $118.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 6th. Zacks Investment Research raised Caseys General Stores from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Jefferies Group LLC set a $139.00 target price on Caseys General Stores and gave the company a “buy” rating in a report on Friday, August 25th. Finally, BMO Capital Markets set a $110.00 price target on Caseys General Stores and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $115.29.

In other news, SVP Brian Joseph Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the transaction, the senior vice president now owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

About Caseys General Stores

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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Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

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