Summit Securities Group LLC bought a new position in Caseys General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,617 shares of the company’s stock, valued at approximately $816,000.

Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Caseys General Stores during the first quarter worth $115,000. Engine Capital Management LLC boosted its stake in shares of Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $225,000 after buying an additional 1,762 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Caseys General Stores during the first quarter worth $233,000. State of Alaska Department of Revenue boosted its stake in shares of Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock worth $270,000 after buying an additional 117 shares during the period. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Caseys General Stores during the first quarter worth $275,000. 96.21% of the stock is currently owned by institutional investors.

Caseys General Stores, Inc. (NASDAQ CASY) opened at 106.13 on Friday. Caseys General Stores, Inc. has a 52-week low of $101.89 and a 52-week high of $135.68. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 23.69 and a beta of 0.48. The stock’s 50 day moving average is $106.22 and its 200 day moving average is $111.33.

Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.09. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.88 billion. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. On average, analysts predict that Caseys General Stores, Inc. will post $4.54 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, July 28th. This is a boost from Caseys General Stores’s previous quarterly dividend of $0.24. 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 presently 23.21%.

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CASY has been the topic of a number of research reports. Jefferies Group LLC reissued a “buy” rating and set a $139.00 target price on shares of Caseys General Stores in a report on Tuesday, June 20th. Deutsche Bank AG set a $120.00 target price on shares of Caseys General Stores and gave the stock a “buy” rating in a report on Tuesday, June 6th. Barclays PLC dropped their target price on shares of Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 7th. BMO Capital Markets set a $116.00 target price on shares of Caseys General Stores and gave the stock a “hold” rating in a report on Wednesday, May 31st. Finally, Zacks Investment Research raised shares of Caseys General Stores from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 16th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $116.29.

In other Caseys General Stores news, SVP John C. Soupene sold 1,000 shares of Caseys General Stores stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total transaction of $106,520.00. Following the completion of the transaction, the senior vice president now directly owns 1,253 shares of the company’s stock, valued at $133,469.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

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