Kestra Advisory Services LLC Buys 1,865 Shares of Casey’s General Stores, Inc. $CASY

Kestra Advisory Services LLC raised its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 15,353 shares of the company’s stock after buying an additional 1,865 shares during the quarter. Kestra Advisory Services LLC’s holdings in Casey’s General Stores were worth $9,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiichi Life Insurance Co. Ltd. purchased a new position in Casey’s General Stores in the second quarter worth about $1,222,000. National Pension Service increased its position in shares of Casey’s General Stores by 3,138.9% during the 2nd quarter. National Pension Service now owns 67,466 shares of the company’s stock valued at $53,621,000 after purchasing an additional 65,383 shares during the last quarter. NEOS Investment Management LLC purchased a new stake in shares of Casey’s General Stores during the 2nd quarter valued at about $4,602,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Casey’s General Stores by 52.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 17,079 shares of the company’s stock valued at $12,431,000 after purchasing an additional 5,846 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Casey’s General Stores in the 2nd quarter worth approximately $15,114,000. 85.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CASY. JPMorgan Chase & Co. dropped their price objective on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, October 19th. William Blair reaffirmed an “outperform” rating on shares of Casey’s General Stores in a report on Wednesday, September 16th. Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $933.00 price target on shares of Casey’s General Stores in a research report on Thursday, September 10th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $835.38.

Casey’s General Stores Stock Up 0.9%

CASY stock opened at $698.48 on Wednesday. Casey’s General Stores, Inc. has a twelve month low of $529.84 and a twelve month high of $927.85. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a market cap of $25.82 billion, a P/E ratio of 33.65, a PEG ratio of 2.24 and a beta of 0.59. The business’s 50-day moving average price is $656.31 and its 200-day moving average price is $741.71.

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

Casey’s General Stores Dividend Announcement

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

Casey’s General Stores Profile

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.