1,011 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Bought by Strategy Asset Managers LLC

Strategy Asset Managers LLC acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,011 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds have also modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in Casey’s General Stores during the first quarter valued at about $395,000. Mid Atlantic Financial Management Inc. ADV raised its position in Casey’s General Stores by 11.1% during the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 2,378 shares of the company’s stock valued at $514,000 after purchasing an additional 238 shares in the last quarter. WealthPLAN Partners LLC raised its position in Casey’s General Stores by 4.6% during the first quarter. WealthPLAN Partners LLC now owns 42,803 shares of the company’s stock valued at $9,485,000 after purchasing an additional 1,885 shares in the last quarter. First Horizon Corp raised its position in Casey’s General Stores by 5.8% during the first quarter. First Horizon Corp now owns 834 shares of the company’s stock valued at $180,000 after purchasing an additional 46 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in Casey’s General Stores by 22.2% during the first quarter. Teacher Retirement System of Texas now owns 4,122 shares of the company’s stock valued at $891,000 after purchasing an additional 749 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

A number of equities research analysts have weighed in on CASY shares. Raymond James restated a “market perform” rating on shares of Casey’s General Stores in a research report on Tuesday, April 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on Casey’s General Stores from $220.00 to $217.00 in a research note on Wednesday, March 10th. Barclays raised their price objective on Casey’s General Stores from $170.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday. Stephens raised their price objective on Casey’s General Stores from $215.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, June 4th. Finally, Royal Bank of Canada reduced their price objective on Casey’s General Stores from $232.00 to $217.00 and set a “sector perform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Casey’s General Stores has a consensus rating of “Hold” and an average price target of $213.73.

Shares of CASY opened at $205.69 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. Casey’s General Stores, Inc. has a one year low of $142.34 and a one year high of $229.18. The business has a 50-day moving average of $219.94. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 22.98 and a beta of 0.88.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, June 7th. The company reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.24. Casey’s General Stores had a net margin of 4.09% and a return on equity of 18.65%. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business posted $1.67 earnings per share. Casey’s General Stores’s quarterly revenue was up 31.2% compared to the same quarter last year. Analysts anticipate that Casey’s General Stores, Inc. will post 7.98 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 16th. Stockholders of record on Monday, August 2nd will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, July 30th. This represents a $1.36 annualized dividend and a dividend yield of 0.66%. Casey’s General Stores’s payout ratio is 19.15%.

Casey’s General Stores Company 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; beverages, tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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

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