Casey’s General Stores, Inc. $CASY Shares Acquired by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 55.6% in the third quarter, Holdings Channel.com reports. The firm owned 12,684 shares of the company’s stock after acquiring an additional 4,530 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Casey’s General Stores were worth $7,718,000 as of its most recent SEC filing.

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

Casey’s General Stores Stock Down 0.9%

NASDAQ CASY opened at $697.54 on Wednesday. The stock has a market capitalization of $25.78 billion, a PE ratio of 33.60 and a beta of 0.59. The company has a 50 day moving average price of $682.48 and a two-hundred day moving average price of $738.51. Casey’s General Stores, Inc. has a 12-month low of $497.38 and a 12-month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, topping the consensus estimate 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. During the same period in the prior year, the firm earned $5.77 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis. As a group, equities analysts anticipate that Casey’s General Stores, Inc. will post 21.61 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group set a $750.00 price objective on Casey’s General Stores in a research report on Wednesday, September 9th. Raymond James Financial upgraded Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 target price on the stock in a research note on Thursday, September 10th. JPMorgan Chase & Co. dropped their target price on Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. Wall Street Zen downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Finally, UBS Group cut their price target on Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating for the company in a research note on Thursday, September 10th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $835.38.

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.