Creative Planning increased its position in Casey’s General Stores Inc (NASDAQ:CASY) by 46.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,801 shares of the company’s stock after purchasing an additional 1,201 shares during the period. Creative Planning’s holdings in Casey’s General Stores were worth $568,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank lifted its holdings in shares of Casey’s General Stores by 1.4% in the 1st quarter. Swiss National Bank now owns 71,387 shares of the company’s stock valued at $9,458,000 after purchasing an additional 1,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Casey’s General Stores in the 4th quarter valued at about $81,608,000. Envestnet Asset Management Inc. lifted its holdings in shares of Casey’s General Stores by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 42,930 shares of the company’s stock valued at $6,419,000 after purchasing an additional 1,902 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Casey’s General Stores by 76.5% in the 1st quarter. Aperio Group LLC now owns 37,169 shares of the company’s stock valued at $4,925,000 after purchasing an additional 16,106 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Casey’s General Stores by 5.0% in the 1st quarter. Rhumbline Advisers now owns 109,613 shares of the company’s stock valued at $14,523,000 after purchasing an additional 5,254 shares during the last quarter. 87.51% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on CASY. Royal Bank of Canada reaffirmed a “hold” rating and set a $158.00 price objective on shares of Casey’s General Stores in a research note on Monday, April 6th. BidaskClub raised Casey’s General Stores from a “sell” rating to a “hold” rating in a research note on Thursday, July 16th. Jefferies Financial Group upped their price objective on Casey’s General Stores from $175.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Deutsche Bank upped their price objective on Casey’s General Stores from $175.00 to $177.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Zacks Investment Research raised Casey’s General Stores from a “sell” rating to a “hold” rating and set a $155.00 price objective for the company in a research note on Friday, May 8th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $167.91.

NASDAQ CASY opened at $159.19 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.14 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $154.77 and its two-hundred day moving average is $156.38. Casey’s General Stores Inc has a 12-month low of $114.01 and a 12-month high of $181.99. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 22.64 and a beta of 0.78.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, June 8th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.12). Casey’s General Stores had a return on equity of 16.80% and a net margin of 2.88%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. Equities analysts forecast that Casey’s General Stores Inc will post 5.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is currently 18.03%.

In related news, Director Diane C. Bridgewater sold 905 shares of the company’s stock in a transaction that occurred on Friday, June 19th. The stock was sold at an average price of $155.15, for a total value of $140,410.75. Following the sale, the director now owns 13,133 shares in the company, valued at approximately $2,037,584.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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