Casey’s General Stores, Inc. $CASY Stock Position Reduced by Strs Ohio

Strs Ohio decreased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 40,485 shares of the company’s stock after selling 2,201 shares during the period. Strs Ohio’s holdings in Casey’s General Stores were worth $29,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CASY. NewEdge Advisors LLC boosted its holdings in Casey’s General Stores by 6.4% in the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after purchasing an additional 113 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Casey’s General Stores by 129.6% during the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Casey’s General Stores by 431.7% during the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after purchasing an additional 177 shares during the period. Amundi acquired a new stake in shares of Casey’s General Stores during the second quarter worth $338,000. Finally, Jump Financial LLC lifted its position in shares of Casey’s General Stores by 42.6% in the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after buying an additional 289 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $797.42 on Friday. The business’s fifty day moving average price is $820.92 and its two-hundred day moving average price is $712.84. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The company has a market capitalization of $29.51 billion, a P/E ratio of 41.62, a PEG ratio of 2.40 and a beta of 0.62. Casey’s General Stores, Inc. has a 1-year low of $490.00 and a 1-year high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 21.05 EPS for the current year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be paid a dividend of $0.65 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 11.90%.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research reports. UBS Group lifted their price target on shares of Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Wolfe Research reiterated an “outperform” rating and set a $1,069.00 price objective on shares of Casey’s General Stores in a research note on Thursday, June 11th. Capital One Financial initiated coverage on Casey’s General Stores in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 target price for the company. Jefferies Financial Group upped their target price on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Finally, Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $939.29.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,013 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the transaction, the insider owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. This trade represents a 23.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mike Spanos purchased 256 shares of the company’s stock in a transaction on Friday, June 26th. The shares were bought at an average price of $778.81 per share, for a total transaction of $199,375.36. Following the completion of the transaction, the director directly owned 4,758 shares in the company, valued at $3,705,577.98. This represents a 5.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.54% of the company’s stock.

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.