Clear Perspective Advisors LLC Buys 100 Shares of Caseys General Stores, Inc. (CASY)
Clear Perspective Advisors LLC raised its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 8.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,225 shares of the company’s stock after buying an additional 100 shares during the period. Clear Perspective Advisors LLC’s holdings in Caseys General Stores were worth $131,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CASY. BlackRock Inc. raised its holdings in Caseys General Stores by 14,288.2% during the first quarter. BlackRock Inc. now owns 3,093,329 shares of the company’s stock valued at $347,227,000 after buying an additional 3,071,830 shares in the last quarter. Balyasny Asset Management LLC raised its holdings in Caseys General Stores by 16,548.9% during the second quarter. Balyasny Asset Management LLC now owns 602,023 shares of the company’s stock valued at $64,483,000 after buying an additional 598,407 shares in the last quarter. Credit Suisse AG raised its holdings in Caseys General Stores by 518.4% during the first quarter. Credit Suisse AG now owns 364,691 shares of the company’s stock valued at $40,935,000 after buying an additional 305,714 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Caseys General Stores by 23.6% during the first quarter. Clearbridge Investments LLC now owns 1,373,665 shares of the company’s stock valued at $154,194,000 after buying an additional 262,360 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Caseys General Stores by 5.7% during the first quarter. Vanguard Group Inc. now owns 3,440,957 shares of the company’s stock valued at $386,247,000 after buying an additional 186,873 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.
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In related news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the completion of the sale, the senior vice president now directly owns 8,229 shares in the company, valued at approximately $888,814.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
A number of equities analysts have recently commented on the company. Jefferies Group LLC set a $139.00 price objective on Caseys General Stores and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Royal Bank Of Canada set a $116.00 price objective on Caseys General Stores and gave the stock a “hold” rating in a research note on Monday, August 28th. William Blair assumed coverage on Caseys General Stores in a research note on Wednesday, July 12th. They issued an “outperform” rating on the stock. Finally, BidaskClub lowered Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. 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 currently has a consensus rating of “Hold” and a consensus target price of $115.29.
Caseys General Stores, Inc. (CASY) traded up 0.03% during trading on Thursday, hitting $110.06. The stock had a trading volume of 56,396 shares. The stock has a 50 day moving average price of $106.81 and a 200 day moving average price of $109.15. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 26.01 and a beta of 0.51. Caseys General Stores, Inc. has a 12-month low of $99.76 and a 12-month high of $126.49.
Caseys General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.46. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business posted $1.70 EPS. Caseys General Stores’s revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Caseys General Stores, Inc. will post $4.40 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 annualized dividend and a yield of 0.95%. Caseys General Stores’s dividend payout ratio (DPR) is currently 24.53%.
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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