Casey’s General Stores, Inc. $CASY Stock Holdings Increased by Ritholtz Wealth Management

Ritholtz Wealth Management raised its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,823 shares of the company’s stock after acquiring an additional 222 shares during the period. Ritholtz Wealth Management’s holdings in Casey’s General Stores were worth $930,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Samlyn Capital LLC raised its stake in Casey’s General Stores by 42.8% during the 1st quarter. Samlyn Capital LLC now owns 255,659 shares of the company’s stock valued at $110,966,000 after acquiring an additional 76,673 shares in the last quarter. Security National Bank raised its stake in Casey’s General Stores by 9.7% during the 1st quarter. Security National Bank now owns 5,674 shares of the company’s stock valued at $2,463,000 after acquiring an additional 504 shares in the last quarter. Cornerstone Wealth Management LLC bought a new stake in Casey’s General Stores during the 1st quarter valued at $201,000. M&T Bank Corp raised its stake in Casey’s General Stores by 39.6% during the 1st quarter. M&T Bank Corp now owns 2,515 shares of the company’s stock valued at $1,092,000 after acquiring an additional 713 shares in the last quarter. Finally, Ground Swell Capital LLC bought a new stake in Casey’s General Stores during the 1st quarter valued at $338,000. Institutional investors own 85.63% of the company’s stock.

Insider Activity

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

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $567.05 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $21.08 billion, a price-to-earnings ratio of 36.40 and a beta of 0.68. The stock’s fifty day simple moving average is $534.08 and its 200 day simple moving average is $498.14. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $572.18.

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

Casey’s General Stores Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have weighed in on CASY. Stephens reaffirmed an “overweight” rating and set a $570.00 target price on shares of Casey’s General Stores in a research note on Wednesday, October 8th. KeyCorp lifted their price target on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. BMO Capital Markets lifted their price target on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. Royal Bank Of Canada lifted their price target on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company began coverage on Casey’s General Stores in a research report on Wednesday. They set an “overweight” rating and a $610.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $536.10.

Casey’s General Stores Company 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.