Casey’s General Stores, Inc. $CASY Position Lessened by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 43.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,480 shares of the company’s stock after selling 5,075 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Casey’s General Stores were worth $3,943,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Miller Financial Services LLC acquired a new position in shares of Casey’s General Stores during the 3rd quarter valued at $223,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Casey’s General Stores by 2.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,372 shares of the company’s stock worth $3,269,000 after purchasing an additional 126 shares during the period. Capital Square LLC grew its holdings in Casey’s General Stores by 54.3% in the third quarter. Capital Square LLC now owns 1,685 shares of the company’s stock worth $1,025,000 after purchasing an additional 593 shares during the period. LexAurum Advisors LLC grew its holdings in Casey’s General Stores by 13.1% in the third quarter. LexAurum Advisors LLC now owns 879 shares of the company’s stock worth $535,000 after purchasing an additional 102 shares during the period. Finally, First Bank & Trust increased its stake in Casey’s General Stores by 5.8% in the third quarter. First Bank & Trust now owns 1,562 shares of the company’s stock valued at $950,000 after purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 2.0%

CASY opened at $699.26 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61. Casey’s General Stores, Inc. has a fifty-two week low of $497.38 and a fifty-two week high of $927.85. The firm has a market capitalization of $25.84 billion, a PE ratio of 33.68, a P/E/G ratio of 2.31 and a beta of 0.59. The company’s 50-day moving average is $686.97 and its 200 day moving average is $773.16.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.77 EPS. As a group, research analysts predict that Casey’s General Stores, Inc. will post 21.61 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CASY shares. Wells Fargo & Company dropped their price objective on shares of Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday, September 9th. BMO Capital Markets set a $810.00 target price on Casey’s General Stores in a research note on Thursday, September 10th. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday. Royal Bank Of Canada raised Casey’s General Stores from a “sector perform” rating to an “outperform” rating and decreased their target price for the company from $910.00 to $825.00 in a research report on Thursday, October 15th. Finally, Stephens set a $750.00 price target on Casey’s General Stores in a research note on Thursday, September 10th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $835.38.

Casey’s General Stores Company 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.