Koshinski Asset Management Inc. Buys 763 Shares of Casey’s General Stores, Inc. $CASY

Koshinski Asset Management Inc. lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 48.5% in the second quarter, HoldingsChannel.com reports. The firm owned 2,336 shares of the company’s stock after purchasing an additional 763 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Casey’s General Stores were worth $1,192,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Valmark Advisers Inc. increased its position in Casey’s General Stores by 0.5% in the second quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock worth $2,247,000 after purchasing an additional 21 shares during the period. Flagship Harbor Advisors LLC raised its stake in shares of Casey’s General Stores by 4.1% during the first quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company’s stock worth $256,000 after buying an additional 23 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Casey’s General Stores by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company’s stock valued at $812,000 after buying an additional 26 shares during the period. Iron Horse Wealth Management LLC grew its holdings in Casey’s General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after acquiring an additional 26 shares during the period. Finally, Menard Financial Group LLC raised its position in shares of Casey’s General Stores by 2.1% during the 1st quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock valued at $603,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $567.05 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The stock has a market cap of $21.08 billion, a price-to-earnings ratio of 36.40 and a beta of 0.68. The business has a 50 day simple moving average of $534.08 and a 200 day simple moving average of $498.14. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the firm posted $4.83 earnings per share. The business’s revenue was up 11.5% on a year-over-year basis. Analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey’s General Stores’s payout ratio is 14.63%.

Insiders Place Their Bets

In other news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on CASY. Evercore ISI raised their price target on Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group boosted their target price on Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. KeyCorp upped their price target on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. BMO Capital Markets lifted their price objective on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. Finally, Stephens reaffirmed an “overweight” rating and issued a $570.00 target price on shares of Casey’s General Stores in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $536.10.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.