Casey’s General Stores, Inc. $CASY Stock: International Assets Investment Management LLC Grows Position

International Assets Investment Management LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3,074.6% during the third quarter, HoldingsChannel.com reports. The fund owned 20,000 shares of the company’s stock after acquiring an additional 19,370 shares during the period. International Assets Investment Management LLC’s holdings in Casey’s General Stores were worth $12,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kathmere Capital Management LLC increased its position in shares of Casey’s General Stores by 3.5% during the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock worth $282,000 after purchasing an additional 13 shares in the last quarter. Lincoln Capital LLC lifted its holdings in Casey’s General Stores by 4.0% in the 2nd quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock valued at $291,000 after purchasing an additional 14 shares in the last quarter. Jag Capital Management LLC lifted its holdings in Casey’s General Stores by 1.0% in the 1st quarter. Jag Capital Management LLC now owns 1,753 shares of the company’s stock valued at $1,276,000 after purchasing an additional 18 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in Casey’s General Stores by 72.0% in the 2nd quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock valued at $34,000 after purchasing an additional 18 shares in the last quarter. Finally, Renasant Bank boosted its stake in Casey’s General Stores by 5.7% during the 2nd quarter. Renasant Bank now owns 369 shares of the company’s stock worth $293,000 after purchasing an additional 20 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $680.19 on Friday. Casey’s General Stores, Inc. has a one year low of $497.38 and a one year high of $927.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02. The stock has a market cap of $25.14 billion, a PE ratio of 32.76, a P/E/G ratio of 2.20 and a beta of 0.59. The stock has a 50 day moving average price of $672.65 and a 200 day moving average price of $739.73.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the business posted $5.77 earnings per share. Equities research analysts expect that Casey’s General Stores, Inc. will post 21.61 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Sunday, November 1st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is 12.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Stephens set a $750.00 target price on shares of Casey’s General Stores in a research note on Thursday, September 10th. William Blair reiterated an “outperform” rating on shares of Casey’s General Stores in a research report on Wednesday, September 16th. Royal Bank Of Canada raised shares of Casey’s General Stores from a “sector perform” rating to an “outperform” rating and decreased their price target for the stock from $910.00 to $825.00 in a research note on Thursday, October 15th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 price target on the stock in a research report on Monday, July 13th. Finally, BMO Capital Markets set a $810.00 price target on shares of Casey’s General Stores in a research report on Thursday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $835.38.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.