Schwab Charles Investment Management Inc. boosted its stake in shares of Casey’s General Stores Inc (NASDAQ:CASY) by 6.0% in the 2nd quarter, Holdings Channel reports. The firm owned 164,374 shares of the company’s stock after buying an additional 9,347 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Casey’s General Stores were worth $17,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in CASY. Cerebellum GP LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $142,000. Crossmark Global Holdings Inc. bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $204,000. Aristotle Atlantic Partners LLC grew its holdings in shares of Casey’s General Stores by 33.1% in the 1st quarter. Aristotle Atlantic Partners LLC now owns 2,426 shares of the company’s stock worth $266,000 after purchasing an additional 603 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Casey’s General Stores by 134.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,241 shares of the company’s stock worth $341,000 after purchasing an additional 1,857 shares during the last quarter. Finally, Gideon Capital Advisors Inc. bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $355,000. Hedge funds and other institutional investors own 95.71% of the company’s stock.
Several equities research analysts have recently weighed in on CASY shares. BidaskClub lowered shares of Casey’s General Stores from a “hold” rating to a “sell” rating in a report on Thursday, May 24th. ValuEngine raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. Northcoast Research reaffirmed a “neutral” rating on shares of Casey’s General Stores in a report on Tuesday, June 5th. Deutsche Bank lowered their target price on shares of Casey’s General Stores from $120.00 to $116.00 and set a “buy” rating on the stock in a report on Wednesday, June 13th. Finally, BMO Capital Markets lowered their target price on shares of Casey’s General Stores from $105.00 to $92.00 and set a “market perform” rating on the stock in a report on Thursday, June 14th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $132.78.
Shares of NASDAQ:CASY opened at $127.78 on Friday. Casey’s General Stores Inc has a 12 month low of $90.42 and a 12 month high of $130.50. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.31 and a current ratio of 0.77. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 30.75, a P/E/G ratio of 3.09 and a beta of 0.55.
Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 10th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.23. Casey’s General Stores had a net margin of 3.73% and a return on equity of 12.38%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm earned $1.46 EPS. The company’s revenue was up 23.6% on a year-over-year basis. analysts expect that Casey’s General Stores Inc will post 4.53 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, October 31st. Casey’s General Stores’s dividend payout ratio is currently 30.45%.
In other news, insider Terry W. Handley sold 1,342 shares of the firm’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $100.12, for a total value of $134,361.04. Following the transaction, the insider now owns 33,287 shares of the company’s stock, valued at approximately $3,332,694.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian Joseph Johnson sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $127.43, for a total transaction of $191,145.00. Following the completion of the transaction, the senior vice president now directly owns 10,471 shares in the company, valued at approximately $1,334,319.53. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.
Casey’s General Stores Profile
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
Further Reading: Google Finance Portfolio Workaround
Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey’s General Stores Inc (NASDAQ:CASY).
Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.