Honkamp Krueger Financial Services Inc. Sells 875 Shares of Casey’s General Stores Inc (NASDAQ:CASY)

Honkamp Krueger Financial Services Inc. decreased its holdings in Casey’s General Stores Inc (NASDAQ:CASY) by 35.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,620 shares of the company’s stock after selling 875 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Casey’s General Stores were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CASY. LPL Financial LLC raised its stake in shares of Casey’s General Stores by 11.9% during the 2nd quarter. LPL Financial LLC now owns 6,391 shares of the company’s stock valued at $1,000,000 after purchasing an additional 680 shares during the period. MML Investors Services LLC increased its stake in Casey’s General Stores by 2.5% in the 2nd quarter. MML Investors Services LLC now owns 2,795 shares of the company’s stock worth $436,000 after acquiring an additional 69 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Casey’s General Stores by 8.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 97,564 shares of the company’s stock worth $15,219,000 after acquiring an additional 7,465 shares during the last quarter. HighTower Advisors LLC bought a new position in Casey’s General Stores in the 2nd quarter worth about $329,000. Finally, US Bancorp DE increased its stake in Casey’s General Stores by 2.7% in the 2nd quarter. US Bancorp DE now owns 5,774 shares of the company’s stock worth $901,000 after acquiring an additional 150 shares during the last quarter. 86.19% of the stock is owned by institutional investors.

CASY opened at $167.20 on Thursday. The stock has a 50-day moving average price of $163.96 and a 200-day moving average price of $165.04. Casey’s General Stores Inc has a 12-month low of $122.86 and a 12-month high of $179.21. The company has a current ratio of 0.36, a quick ratio of 0.11 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $6.19 billion, a P/E ratio of 30.34, a PEG ratio of 2.93 and a beta of 0.50.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 9th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.06. Casey’s General Stores had a return on equity of 16.06% and a net margin of 2.51%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same period in the prior year, the business earned $1.80 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts predict that Casey’s General Stores Inc will post 6.3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Friday, January 31st. Casey’s General Stores’s payout ratio is currently 23.23%.

A number of equities analysts have weighed in on the company. BMO Capital Markets decreased their target price on Casey’s General Stores from $170.00 to $165.00 and set a “market perform” rating on the stock in a research note on Wednesday, December 11th. BidaskClub upgraded Casey’s General Stores from a “sell” rating to a “hold” rating in a research note on Wednesday, December 25th. ValuEngine lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Sidoti upped their target price on Casey’s General Stores from $166.00 to $174.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. Casey’s General Stores has a consensus rating of “Hold” and a consensus price target of $172.30.

About Casey’s General Stores

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.

Further Reading: Cash Flow

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

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