Raymond James & Associates Purchases 13,095 Shares of Casey’s General Stores Inc (NASDAQ:CASY)

Raymond James & Associates lifted its position in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 9.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 157,129 shares of the company’s stock after acquiring an additional 13,095 shares during the quarter. Raymond James & Associates’ holdings in Casey’s General Stores were worth $23,494,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in shares of Casey’s General Stores during the 1st quarter worth $31,000. Signaturefd LLC grew its stake in shares of Casey’s General Stores by 72.5% during the 1st quarter. Signaturefd LLC now owns 264 shares of the company’s stock worth $35,000 after acquiring an additional 111 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Casey’s General Stores by 125.0% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 360 shares of the company’s stock worth $53,000 after acquiring an additional 200 shares during the period. Sowell Financial Services LLC grew its stake in shares of Casey’s General Stores by 58.0% during the 1st quarter. Sowell Financial Services LLC now owns 482 shares of the company’s stock worth $64,000 after acquiring an additional 177 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its stake in Casey’s General Stores by 171.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 620 shares of the company’s stock worth $82,000 after purchasing an additional 392 shares during the period. Institutional investors own 87.51% of the company’s stock.

CASY has been the subject of several analyst reports. Zacks Investment Research upgraded Casey’s General Stores from a “sell” rating to a “hold” rating and set a $155.00 target price for the company in a research note on Friday, May 8th. Deutsche Bank raised their target price on Casey’s General Stores from $175.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Sidoti raised their target price on Casey’s General Stores from $176.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Royal Bank of Canada restated a “hold” rating and issued a $158.00 target price on shares of Casey’s General Stores in a research note on Monday, April 6th. Finally, Jefferies Financial Group raised their target price on Casey’s General Stores from $175.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $167.91.

Shares of CASY opened at $159.19 on Friday. The company has a market cap of $5.88 billion, a PE ratio of 22.42 and a beta of 0.78. The company has a current ratio of 0.36, a quick ratio of 0.14 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $154.77 and a 200-day moving average price of $156.38. Casey’s General Stores Inc has a 12-month low of $114.01 and a 12-month high of $181.99.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, June 8th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.12). The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.76 billion. Casey’s General Stores had a net margin of 2.88% and a return on equity of 16.80%. The business’s revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. As a group, analysts predict that Casey’s General Stores Inc will post 5.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.80%. Casey’s General Stores’s dividend payout ratio is 18.03%.

In related news, Director Diane C. Bridgewater sold 905 shares of the firm’s stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $155.15, for a total transaction of $140,410.75. Following the transaction, the director now directly owns 13,133 shares of the company’s stock, valued at approximately $2,037,584.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Casey’s General Stores 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; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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

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