Stratos Wealth Partners LTD. lifted its stake in Casey’s General Stores Inc (NASDAQ:CASY) by 24.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,986 shares of the company’s stock after buying an additional 1,568 shares during the period. Stratos Wealth Partners LTD.’s holdings in Casey’s General Stores were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CASY. Exchange Traded Concepts LLC bought a new stake in shares of Casey’s General Stores in the first quarter valued at approximately $31,000. Signaturefd LLC boosted its stake in shares of Casey’s General Stores by 72.5% in the first quarter. Signaturefd LLC now owns 264 shares of the company’s stock valued at $35,000 after buying an additional 111 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Casey’s General Stores by 125.0% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 360 shares of the company’s stock valued at $53,000 after buying an additional 200 shares during the period. Sowell Financial Services LLC boosted its stake in shares of Casey’s General Stores by 58.0% in the first quarter. Sowell Financial Services LLC now owns 482 shares of the company’s stock valued at $64,000 after buying an additional 177 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its stake in shares of Casey’s General Stores by 171.9% in the first quarter. FinTrust Capital Advisors LLC now owns 620 shares of the company’s stock valued at $82,000 after buying an additional 392 shares during the period. Institutional investors and hedge funds own 87.51% of the company’s stock.

Several equities research analysts recently issued reports on CASY shares. Jefferies Financial Group boosted their price target on Casey’s General Stores from $175.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Sidoti upped their target price on Casey’s General Stores from $176.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Zacks Investment Research upgraded Casey’s General Stores from a “sell” rating to a “hold” rating and set a $155.00 target price for the company in a research note on Friday, May 8th. Royal Bank of Canada restated a “hold” rating and set a $158.00 target price on shares of Casey’s General Stores in a research note on Monday, April 6th. Finally, BidaskClub upgraded Casey’s General Stores from a “sell” rating to a “hold” rating in a research note on Thursday, July 16th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $167.91.

In related news, Director Diane C. Bridgewater sold 905 shares of the stock in a transaction on Friday, June 19th. The stock was sold at an average price of $155.15, for a total value of $140,410.75. Following the completion of the sale, the director now directly owns 13,133 shares in the company, valued at $2,037,584.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.55% of the company’s stock.

Shares of CASY opened at $159.19 on Friday. Casey’s General Stores Inc has a 52 week low of $114.01 and a 52 week high of $181.99. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 22.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.14 and a current ratio of 0.36. The stock has a fifty day moving average of $154.77 and a 200-day moving average of $156.38.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, June 8th. The company reported $1.67 EPS for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.12). Casey’s General Stores had a net margin of 2.88% and a return on equity of 16.80%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The firm’s revenue was down 16.8% on a year-over-year basis. As a group, equities analysts forecast that Casey’s General Stores Inc will post 5.78 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 3rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, July 31st. Casey’s General Stores’s payout ratio is 18.03%.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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