Caseys General Stores, Inc. (CASY) Stake Reduced by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lowered its stake in Caseys General Stores, Inc. (NASDAQ:CASY) by 51.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,835 shares of the company’s stock after selling 8,175 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Caseys General Stores were worth $839,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Caseys General Stores by 56.7% in the second quarter. BNP Paribas Arbitrage SA now owns 16,839 shares of the company’s stock valued at $1,804,000 after buying an additional 6,093 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Caseys General Stores by 2.8% in the second quarter. Gamco Investors INC. ET AL now owns 62,898 shares of the company’s stock valued at $6,737,000 after buying an additional 1,700 shares during the period. Comerica Bank increased its stake in shares of Caseys General Stores by 14.5% in the second quarter. Comerica Bank now owns 106,418 shares of the company’s stock valued at $11,378,000 after buying an additional 13,459 shares during the period. Legal & General Group Plc increased its stake in shares of Caseys General Stores by 11.7% in the second quarter. Legal & General Group Plc now owns 47,081 shares of the company’s stock valued at $5,042,000 after buying an additional 4,927 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Caseys General Stores by 24.4% in the second quarter. SG Americas Securities LLC now owns 17,072 shares of the company’s stock valued at $1,829,000 after buying an additional 3,347 shares during the period. Institutional investors own 98.60% of the company’s stock.

Caseys General Stores, Inc. (NASDAQ CASY) opened at 104.18 on Friday. The company’s 50 day moving average is $106.04 and its 200 day moving average is $111.04. Caseys General Stores, Inc. has a 52 week low of $101.89 and a 52 week high of $135.68. The stock has a market cap of $4.02 billion, a P/E ratio of 23.25 and a beta of 0.48.

Caseys General Stores (NASDAQ:CASY) last released its 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 firm 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 business’s revenue was up 16.6% on a year-over-year basis. During the same period last year, the business earned $1.19 earnings per share. Equities analysts predict that Caseys General Stores, Inc. will post $4.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st were given a $0.26 dividend. This is an increase from Caseys General Stores’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, July 28th. Caseys General Stores’s dividend payout ratio (DPR) is 23.21%.

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Several brokerages have issued reports on CASY. BidaskClub downgraded shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada set a $118.00 price target on shares of Caseys General Stores and gave the company a “hold” rating in a report on Sunday, August 13th. Jefferies Group LLC set a $139.00 price target on shares of Caseys General Stores and gave the company a “buy” rating in a report on Saturday, July 22nd. Finally, William Blair began coverage on shares of Caseys General Stores in a report on Wednesday, July 12th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Caseys General Stores presently has a consensus rating of “Hold” and an average target price of $116.29.

In other news, SVP Julia L. Jackowski sold 1,000 shares of Caseys General Stores stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $108.09, for a total value of $108,090.00. Following the transaction, the senior vice president now directly owns 21,902 shares of the company’s stock, valued at $2,367,387.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

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

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