Verition Fund Management LLC increased its holdings in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 181.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,087 shares of the company’s stock after acquiring an additional 9,077 shares during the period. Verition Fund Management LLC’s holdings in Caseys General Stores were worth $1,509,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of Caseys General Stores by 56.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,839 shares of the company’s stock valued at $1,804,000 after acquiring an additional 6,093 shares in the last quarter. Crawford Investment Counsel Inc. acquired a new stake in shares of Caseys General Stores during the 2nd quarter valued at about $1,629,000. State Board of Administration of Florida Retirement System boosted its position in shares of Caseys General Stores by 4.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 47,170 shares of the company’s stock valued at $5,052,000 after acquiring an additional 2,163 shares in the last quarter. Pecaut & CO. acquired a new stake in shares of Caseys General Stores during the 2nd quarter valued at about $1,706,000. Finally, Eagle Asset Management Inc. boosted its position in shares of Caseys General Stores by 10.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 607,492 shares of the company’s stock valued at $65,068,000 after acquiring an additional 56,296 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.
Caseys General Stores, Inc. (NASDAQ:CASY) traded up 1.73% during trading on Friday, reaching $114.67. 163,744 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $107.89 and its 200 day moving average price is $109.14. The firm has a market cap of $4.35 billion, a P/E ratio of 27.10 and a beta of 0.51. Caseys General Stores, Inc. has a 52-week low of $99.76 and a 52-week high of $126.49.
Caseys General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.46. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 earnings per share. Equities research analysts anticipate that Caseys General Stores, Inc. will post $4.40 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.92%. Caseys General Stores’s payout ratio is currently 24.53%.
Several analysts have recently weighed in on CASY shares. Jefferies Group LLC set a $139.00 target price on shares of Caseys General Stores and gave the company a “buy” rating in a research report on Saturday, July 22nd. Zacks Investment Research upgraded shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Royal Bank Of Canada set a $116.00 target price on shares of Caseys General Stores and gave the company a “hold” rating in a research report on Monday, August 28th. William Blair started coverage on shares of Caseys General Stores in a research report on Wednesday, July 12th. They set an “outperform” rating on the stock. Finally, BidaskClub lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. 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. The stock presently has an average rating of “Hold” and a consensus price target of $115.29.
In other news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the sale, the senior vice president now directly owns 8,229 shares in the company, valued at approximately $888,814.29. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
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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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