Capstone Asset Management Co. decreased its position in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 13.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,255 shares of the company’s stock after selling 350 shares during the period. Capstone Asset Management Co.’s holdings in Caseys General Stores were worth $242,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CASY. Advisory Services Network LLC purchased a new stake in Caseys General Stores during the first quarter worth about $115,000. Engine Capital Management LLC increased its stake in Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $225,000 after buying an additional 1,762 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Caseys General Stores during the first quarter worth about $233,000. State of Alaska Department of Revenue increased its stake in Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock worth $270,000 after buying an additional 117 shares in the last quarter. Finally, Neuberger Berman Group LLC purchased a new stake in Caseys General Stores during the first quarter worth about $275,000. Institutional investors and hedge funds own 98.60% of the company’s stock.

Shares of Caseys General Stores, Inc. (NASDAQ:CASY) traded up 0.09% on Friday, hitting $104.27. The company had a trading volume of 422,175 shares. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 23.27 and a beta of 0.48. The stock’s 50-day moving average is $105.99 and its 200 day moving average is $110.97. Caseys General Stores, Inc. has a 52 week low of $101.89 and a 52 week high of $135.39.

Caseys General Stores (NASDAQ:CASY) last posted its earnings results on Monday, June 5th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.85 by $0.09. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.88 billion. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the business earned $1.19 earnings per share. Equities analysts expect that Caseys General Stores, Inc. will post $4.54 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.00%. This is a positive change from Caseys General Stores’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, July 28th. Caseys General Stores’s dividend payout ratio (DPR) is 23.21%.

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A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Sidoti downgraded Caseys General Stores from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $118.00 in a research note on Tuesday, June 6th. BMO Capital Markets set a $116.00 price target on Caseys General Stores and gave the company a “hold” rating in a research note on Wednesday, May 31st. BidaskClub downgraded Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Jefferies Group LLC restated a “buy” rating and set a $139.00 price target on shares of Caseys General Stores in a research note on Tuesday, June 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Caseys General Stores presently has an average rating of “Hold” and an average price target of $116.29.

In related news, SVP John C. Soupene sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total transaction of $106,520.00. Following the sale, the senior vice president now directly owns 1,253 shares of the company’s stock, valued at $133,469.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Caseys General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

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Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

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