Ferguson Wellman Capital Management Inc. decreased its stake in Caseys General Stores, Inc. (NASDAQ:CASY) by 1.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,660 shares of the company’s stock after selling 100 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Caseys General Stores were worth $820,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CASY. Reilly Financial Advisors LLC raised its position in shares of Caseys General Stores by 4.1% in the first quarter. Reilly Financial Advisors LLC now owns 68,398 shares of the company’s stock valued at $7,678,000 after buying an additional 2,674 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Caseys General Stores during the first quarter worth about $1,785,000. Ameriprise Financial Inc. raised its stake in shares of Caseys General Stores by 1.7% in the first quarter. Ameriprise Financial Inc. now owns 160,221 shares of the company’s stock worth $17,985,000 after buying an additional 2,732 shares during the last quarter. Sei Investments Co. raised its stake in shares of Caseys General Stores by 3.7% in the first quarter. Sei Investments Co. now owns 65,270 shares of the company’s stock worth $7,327,000 after buying an additional 2,309 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its stake in shares of Caseys General Stores by 78.7% in the first quarter. Sit Investment Associates Inc. now owns 27,540 shares of the company’s stock worth $3,091,000 after buying an additional 12,125 shares during the last quarter. 96.21% of the stock is currently owned by institutional investors.
Shares of Caseys General Stores, Inc. (NASDAQ:CASY) traded up 0.38% during mid-day trading on Friday, hitting $106.53. 305,034 shares of the stock were exchanged. The company has a 50-day moving average of $106.25 and a 200 day moving average of $111.28. The stock has a market cap of $4.11 billion, a PE ratio of 23.78 and a beta of 0.48. Caseys General Stores, Inc. has a one year low of $101.89 and a one year high of $135.68.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, June 5th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.85 by $0.09. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates 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 for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.19 earnings per share. On average, equities analysts predict that Caseys General Stores, Inc. will post $4.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, July 28th. This is a positive change from Caseys General Stores’s previous quarterly dividend of $0.24. Caseys General Stores’s dividend payout ratio (DPR) is presently 23.21%.
A number of research firms have weighed in on CASY. BMO Capital Markets set a $116.00 target price on Caseys General Stores and gave the stock a “hold” rating in a report on Wednesday, May 31st. Sidoti downgraded Caseys General Stores from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $130.00 to $118.00 in a research report on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $139.00 price target on shares of Caseys General Stores in a research report on Tuesday, June 20th. Zacks Investment Research downgraded Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Caseys General Stores presently has an average rating of “Hold” and an average price target of $116.29.
In related news, SVP John C. Soupene sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total transaction of $106,520.00. Following the transaction, the senior vice president now owns 1,253 shares of the company’s stock, valued at $133,469.56. The sale was disclosed in a legal filing with the SEC, which is available 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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