Strategy Asset Managers LLC acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,011 shares of the company’s stock, valued at approximately $200,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legacy Bridge LLC acquired a new position in Casey’s General Stores during the fourth quarter worth $34,000. Lumature Wealth Partners LLC raised its holdings in shares of Casey’s General Stores by 63.8% in the 4th quarter. Lumature Wealth Partners LLC now owns 172 shares of the company’s stock worth $34,000 after purchasing an additional 67 shares during the period. Covestor Ltd acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at about $34,000. C M Bidwell & Associates Ltd. acquired a new stake in Casey’s General Stores during the 4th quarter valued at approximately $49,000. Finally, Quent Capital LLC acquired a new stake in Casey’s General Stores during the 4th quarter valued at approximately $51,000. Institutional investors own 84.44% of the company’s stock.
Several analysts have weighed in on CASY shares. Deutsche Bank Aktiengesellschaft cut their target price on Casey’s General Stores from $259.00 to $255.00 in a research note on Wednesday. Wells Fargo & Company initiated coverage on Casey’s General Stores in a research report on Wednesday, May 25th. They set an “overweight” rating and a $240.00 price objective for the company. StockNews.com assumed coverage on Casey’s General Stores in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Finally, Royal Bank of Canada lowered their price target on Casey’s General Stores from $250.00 to $238.00 in a research note on Wednesday, June 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $242.14.
Casey’s General Stores (NASDAQ:CASY – Get Rating) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.12. Casey’s General Stores had a net margin of 2.62% and a return on equity of 15.84%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm posted $1.12 EPS. The firm’s quarterly revenue was up 45.4% compared to the same quarter last year. Equities research analysts forecast that Casey’s General Stores, Inc. will post 8.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be issued a $0.38 dividend. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, July 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.81%. Casey’s General Stores’s dividend payout ratio is presently 15.40%.
Casey’s General Stores Profile (Get Rating)
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.
- Get a free copy of the StockNews.com research report on Casey’s General Stores (CASY)
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