Royal Bank of Canada Reduces Holdings in Caseys General Stores, Inc. (CASY)
Royal Bank of Canada trimmed its holdings in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 115,799 shares of the company’s stock after selling 5,073 shares during the period. Royal Bank of Canada owned 0.30% of Caseys General Stores worth $12,403,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of CASY. BlackRock Inc. raised its holdings in shares of Caseys General Stores by 14,288.2% during the first quarter. BlackRock Inc. now owns 3,093,329 shares of the company’s stock worth $347,227,000 after purchasing an additional 3,071,830 shares during the period. Balyasny Asset Management LLC raised its holdings in shares of Caseys General Stores by 16,548.9% during the second quarter. Balyasny Asset Management LLC now owns 602,023 shares of the company’s stock worth $64,483,000 after purchasing an additional 598,407 shares during the period. Credit Suisse AG raised its holdings in shares of Caseys General Stores by 518.4% during the first quarter. Credit Suisse AG now owns 364,691 shares of the company’s stock worth $40,935,000 after purchasing an additional 305,714 shares during the period. Clearbridge Investments LLC raised its holdings in shares of Caseys General Stores by 23.6% during the first quarter. Clearbridge Investments LLC now owns 1,373,665 shares of the company’s stock worth $154,194,000 after purchasing an additional 262,360 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Caseys General Stores by 5.7% during the first quarter. Vanguard Group Inc. now owns 3,440,957 shares of the company’s stock worth $386,247,000 after purchasing an additional 186,873 shares during the period. 99.83% of the stock is currently owned by institutional investors.
Shares of Caseys General Stores, Inc. (NASDAQ:CASY) opened at 114.40 on Monday. Caseys General Stores, Inc. has a 12-month low of $99.76 and a 12-month high of $126.49. The firm has a market cap of $4.34 billion, a PE ratio of 27.03 and a beta of 0.51. The company has a 50 day moving average of $108.31 and a 200-day moving average of $109.14.
Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts forecast that Caseys General Stores, Inc. will post $4.40 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.91%. Caseys General Stores’s dividend payout ratio is 24.53%.
In related news, SVP Brian Joseph Johnson sold 1,000 shares of Caseys General Stores stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the completion of the transaction, the senior vice president now directly owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Jefferies Group LLC reissued a “buy” rating and set a $134.00 target price (down from $139.00) on shares of Caseys General Stores in a report on Thursday, August 31st. Royal Bank Of Canada set a $116.00 target price on shares of Caseys General Stores and gave the stock a “hold” rating in a report on Monday, August 28th. BidaskClub cut shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, William Blair assumed coverage on shares of Caseys General Stores in a report on Wednesday, July 12th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $115.29.
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About Caseys General Stores
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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