Casey’s General Stores, Inc. $CASY Holdings Decreased by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,785,312 shares of the company’s stock after selling 435 shares during the period. Vanguard Group Inc. owned 10.18% of Casey’s General Stores worth $1,931,531,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CASY. Valmark Advisers Inc. lifted its position in Casey’s General Stores by 0.5% in the second quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock worth $2,247,000 after purchasing an additional 21 shares during the period. Menard Financial Group LLC boosted its stake in Casey’s General Stores by 2.1% during the first quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock valued at $603,000 after buying an additional 27 shares in the last quarter. Accurate Wealth Management LLC grew its holdings in Casey’s General Stores by 3.9% during the second quarter. Accurate Wealth Management LLC now owns 727 shares of the company’s stock worth $381,000 after acquiring an additional 27 shares during the period. Wallace Advisory Group LLC lifted its holdings in Casey’s General Stores by 5.6% in the 2nd quarter. Wallace Advisory Group LLC now owns 543 shares of the company’s stock valued at $277,000 after acquiring an additional 29 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in shares of Casey’s General Stores by 0.3% during the 2nd quarter. Moors & Cabot Inc. now owns 10,619 shares of the company’s stock valued at $5,418,000 after purchasing an additional 30 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the sale, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $560.30 on Friday. Casey’s General Stores, Inc. has a 52 week low of $372.08 and a 52 week high of $572.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The company has a market capitalization of $20.83 billion, a PE ratio of 35.96 and a beta of 0.66. The company’s 50 day moving average price is $546.25 and its 200 day moving average price is $513.35.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating the consensus estimate of $5.02 by $0.75. The business had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. Casey’s General Stores’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.83 EPS. Research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Saturday, November 1st were issued a $0.57 dividend. The ex-dividend date was Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 14.63%.

Analysts Set New Price Targets

CASY has been the subject of a number of research reports. BMO Capital Markets raised their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. The Goldman Sachs Group increased their price target on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Zacks Research raised shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Stephens reissued an “overweight” rating and issued a $570.00 target price on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Casey’s General Stores in a research report on Wednesday, October 15th. They issued an “overweight” rating and a $610.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $564.00.

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.