Casey’s General Stores, Inc. $CASY Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.0% in the second quarter, Holdings Channel reports. The firm owned 290,774 shares of the company’s stock after acquiring an additional 5,685 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Casey’s General Stores were worth $148,373,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CASY. Summit Securities Group LLC purchased a new stake in Casey’s General Stores during the first quarter worth approximately $32,000. Nvwm LLC acquired a new position in shares of Casey’s General Stores during the 2nd quarter valued at $32,000. Rossby Financial LCC boosted its position in Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after purchasing an additional 58 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Casey’s General Stores during the 2nd quarter worth $42,000. Finally, WPG Advisers LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Jefferies Financial Group raised their target price on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. BMO Capital Markets upped their price target on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Evercore ISI lifted their price objective on shares of Casey’s General Stores from $580.00 to $585.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company assumed coverage on shares of Casey’s General Stores in a research report on Wednesday, October 15th. They set an “overweight” rating and a $610.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $564.00.

Casey’s General Stores Trading Up 1.0%

Shares of CASY opened at $571.18 on Thursday. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $572.75. The stock has a 50-day moving average price of $546.37 and a 200 day moving average price of $515.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. The company has a market capitalization of $21.24 billion, a P/E ratio of 36.66 and a beta of 0.66.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.75. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.Casey’s General Stores’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.83 EPS. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Saturday, November 1st were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 14.63%.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the completion of the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.