Kennedy Capital Management Inc. raised its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,724 shares of the company’s stock after buying an additional 1,167 shares during the period. Kennedy Capital Management Inc. owned 0.34% of Caseys General Stores worth $14,786,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Caseys General Stores by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,440,957 shares of the company’s stock valued at $386,247,000 after buying an additional 186,873 shares during the period. Vontobel Asset Management Inc. increased its stake in Caseys General Stores by 25.4% in the first quarter. Vontobel Asset Management Inc. now owns 1,498,546 shares of the company’s stock worth $173,215,000 after buying an additional 303,068 shares during the period. Iridian Asset Management LLC CT increased its stake in Caseys General Stores by 0.7% in the first quarter. Iridian Asset Management LLC CT now owns 1,422,100 shares of the company’s stock worth $159,631,000 after buying an additional 9,850 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Caseys General Stores by 47.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 606,276 shares of the company’s stock worth $72,074,000 after buying an additional 196,173 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Caseys General Stores by 2.1% in the first quarter. Eagle Asset Management Inc. now owns 551,196 shares of the company’s stock worth $61,871,000 after buying an additional 11,577 shares during the last quarter. 96.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Caseys General Stores, Inc. (NASDAQ CASY) traded down 1.19% during mid-day trading on Tuesday, reaching $106.74. The company had a trading volume of 538,870 shares. The firm has a market capitalization of $4.16 billion, a PE ratio of 23.83 and a beta of 0.48. The stock has a 50 day moving average price of $112.61 and a 200 day moving average price of $114.89. Caseys General Stores, Inc. has a 12-month low of $105.50 and a 12-month high of $136.22.
Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, June 5th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.09. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 earnings per share. On average, equities analysts forecast that Caseys General Stores, Inc. will post $4.57 earnings per share for the current year.
The company 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. This is an increase from Caseys General Stores’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, July 28th. Caseys General Stores’s dividend payout ratio (DPR) is presently 21.43%.
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A number of equities analysts recently weighed in on CASY shares. Royal Bank Of Canada downgraded shares of Caseys General Stores from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $136.00 to $123.00 in a report on Tuesday, March 7th. Feltl & Co. cut shares of Caseys General Stores from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 8th. BMO Capital Markets reduced their target price on shares of Caseys General Stores from $115.00 to $108.00 and set a “market perform” rating for the company in a research report on Wednesday, March 8th. Northcoast Research cut shares of Caseys General Stores from a “buy” rating to a “neutral” rating in a research report on Thursday, March 9th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $139.00 target price on shares of Caseys General Stores in a research report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Caseys General Stores currently has a consensus rating of “Hold” and a consensus price target of $120.50.
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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