J. W. Coons Advisors LLC Acquires 250 Shares of Casey’s General Stores, Inc. $CASY

J. W. Coons Advisors LLC lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 44.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815 shares of the company’s stock after purchasing an additional 250 shares during the period. J. W. Coons Advisors LLC’s holdings in Casey’s General Stores were worth $416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CASY. Summit Securities Group LLC bought a new position in Casey’s General Stores in the first quarter worth approximately $32,000. Rossby Financial LCC grew its stake in Casey’s General Stores by 580.0% in the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the period. Iron Horse Wealth Management LLC grew its stake in Casey’s General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after acquiring an additional 26 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Casey’s General Stores in the second quarter valued at approximately $42,000. Finally, WPG Advisers LLC acquired a new stake in Casey’s General Stores in the first quarter valued at approximately $47,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 0.1%

Shares of NASDAQ:CASY opened at $513.65 on Tuesday. The stock has a market cap of $19.10 billion, a price-to-earnings ratio of 32.97 and a beta of 0.68. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $572.18. The business’s 50 day moving average is $539.27 and its 200 day moving average is $506.08.

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

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.63%.

Insider Activity at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the sale, the insider directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their price objective on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. BMO Capital Markets raised their price objective on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research note on Wednesday, September 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 9th. Finally, KeyCorp raised their target price on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, July 25th. One research 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $551.78.

Casey’s General Stores 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.