Envestnet Asset Management Inc. Sells 5,005 Shares of Caseys General Stores, Inc. (CASY)
Envestnet Asset Management Inc. cut its position in Caseys General Stores, Inc. (NASDAQ:CASY) by 25.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,513 shares of the company’s stock after selling 5,005 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Caseys General Stores were worth $1,588,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of CASY. Janus Henderson Group PLC bought a new stake in Caseys General Stores in the 2nd quarter valued at about $162,421,000. Balyasny Asset Management LLC lifted its position in Caseys General Stores by 16,548.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 602,023 shares of the company’s stock valued at $64,483,000 after purchasing an additional 598,407 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Caseys General Stores by 15.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,268,134 shares of the company’s stock valued at $135,830,000 after purchasing an additional 173,544 shares during the last quarter. First Trust Advisors LP lifted its position in Caseys General Stores by 789.6% in the 3rd quarter. First Trust Advisors LP now owns 160,032 shares of the company’s stock valued at $17,516,000 after purchasing an additional 142,043 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in Caseys General Stores by 34.9% in the 3rd quarter. Brown Advisory Inc. now owns 513,007 shares of the company’s stock valued at $56,149,000 after purchasing an additional 132,694 shares during the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.
Shares of Caseys General Stores, Inc. (NASDAQ CASY) opened at $106.23 on Monday. Caseys General Stores, Inc. has a 52-week low of $99.76 and a 52-week high of $126.49. The company has a market cap of $4,030.00, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.33 and a beta of 0.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.48 and a current ratio of 1.23.
Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 11th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.12). Caseys General Stores had a return on equity of 13.42% and a net margin of 2.02%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the firm posted $1.44 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. sell-side analysts anticipate that Caseys General Stores, Inc. will post 4.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, January 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. Caseys General Stores’s dividend payout ratio (DPR) is 25.49%.
In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.01, for a total transaction of $108,010.00. Following the sale, the senior vice president now directly owns 8,229 shares in the company, valued at approximately $888,814.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.
CASY has been the topic of several recent research reports. Jefferies Group reiterated a “buy” rating and issued a $134.00 price objective (down from $139.00) on shares of Caseys General Stores in a research report on Thursday, August 31st. Zacks Investment Research upgraded shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Raymond James Financial reiterated a “market perform” rating on shares of Caseys General Stores in a research report on Wednesday, December 6th. Royal Bank of Canada reiterated a “hold” rating on shares of Caseys General Stores in a research report on Friday, December 8th. Finally, Barclays reiterated a “hold” rating on shares of Caseys General Stores in a research report on Friday. Two research analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $115.29.
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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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