Robbins Farley boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 21.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,356 shares of the company’s stock after acquiring an additional 1,501 shares during the period. Casey’s General Stores accounts for about 1.8% of Robbins Farley’s holdings, making the stock its 21st biggest position. Robbins Farley’s holdings in Casey’s General Stores were worth $5,084,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Casey’s General Stores in the 2nd quarter valued at approximately $2,759,895,000. Bank of America Corp DE acquired a new position in shares of Casey’s General Stores in the second quarter valued at approximately $281,872,000. Bank of New York Mellon Corp acquired a new position in shares of Casey’s General Stores in the second quarter valued at approximately $281,011,000. Jupiter Topco LLC purchased a new stake in shares of Casey’s General Stores during the second quarter worth approximately $246,982,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Casey’s General Stores during the second quarter worth approximately $164,376,000. 85.63% of the stock is owned by hedge funds and other institutional investors.
Casey’s General Stores Stock Performance
NASDAQ CASY opened at $684.51 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $695.60 and its two-hundred day moving average is $774.23. Casey’s General Stores, Inc. has a 12-month low of $497.38 and a 12-month high of $927.85. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 2.24 and a beta of 0.59.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same period last year, the firm earned $5.77 EPS. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. Research analysts expect that Casey’s General Stores, Inc. will post 21.61 EPS for the current year.
Casey’s General Stores Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Sunday, November 1st will be given a $0.65 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.60 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is presently 12.52%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating for the company in a report on Wednesday, September 9th. JPMorgan Chase & Co. lowered their price objective on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. William Blair reissued an “outperform” rating on shares of Casey’s General Stores in a research note on Wednesday, September 16th. Raymond James Financial raised shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 price objective on the stock in a research note on Thursday, September 10th. Finally, Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $835.38.
Check Out Our Latest Report on Casey’s General Stores
Casey’s General Stores Profile
Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.
The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.
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