Casey’s General Stores, Inc. $CASY Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC boosted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 85.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,191 shares of the company’s stock after acquiring an additional 1,009 shares during the quarter. Calamos Advisors LLC’s holdings in Casey’s General Stores were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CASY. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Casey’s General Stores by 4.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 14,049 shares of the company’s stock worth $7,169,000 after purchasing an additional 656 shares during the period. PNC Financial Services Group Inc. increased its position in Casey’s General Stores by 5.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 134,115 shares of the company’s stock worth $68,435,000 after purchasing an additional 7,270 shares in the last quarter. Vise Technologies Inc. acquired a new stake in Casey’s General Stores during the 2nd quarter worth approximately $743,000. Allworth Financial LP raised its holdings in Casey’s General Stores by 84.9% in the second quarter. Allworth Financial LP now owns 1,209 shares of the company’s stock valued at $617,000 after buying an additional 555 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in Casey’s General Stores by 6.9% during the second quarter. Illinois Municipal Retirement Fund now owns 16,007 shares of the company’s stock valued at $8,168,000 after buying an additional 1,034 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CASY. Evercore ISI boosted their price objective on shares of Casey’s General Stores from $580.00 to $585.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Jefferies Financial Group upped their price target on shares of Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Wells Fargo & Company initiated coverage on Casey’s General Stores in a report on Wednesday, October 15th. They issued an “overweight” rating and a $610.00 price target for the company. Stephens reissued an “overweight” rating and issued a $570.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $564.00.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $538.19 on Friday. The company has a market capitalization of $20.01 billion, a PE ratio of 34.54 and a beta of 0.66. The firm has a fifty day simple moving average of $545.38 and a 200-day simple moving average of $510.25. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. Casey’s General Stores, Inc. has a twelve month low of $372.08 and a twelve month high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $4.47 billion. During the same quarter in the previous year, the firm posted $4.83 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts anticipate 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 was paid on Friday, November 14th. Investors of record on Saturday, November 1st were paid a $0.57 dividend. The ex-dividend date was Friday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s payout ratio is 14.63%.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the firm’s 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 owned 7,993 shares in the company, valued at $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

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.