Landscape Capital Management L.L.C. acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,943 shares of the company’s stock, valued at approximately $6,313,000.
Several other institutional investors have also added to or reduced their stakes in CASY. Kathmere Capital Management LLC increased its stake in shares of Casey’s General Stores by 3.5% in the first quarter. Kathmere Capital Management LLC now owns 387 shares of the company’s stock worth $282,000 after purchasing an additional 13 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Casey’s General Stores by 4.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 303 shares of the company’s stock valued at $221,000 after buying an additional 14 shares in the last quarter. Lincoln Capital LLC boosted its holdings in Casey’s General Stores by 4.0% in the 2nd quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock worth $291,000 after buying an additional 14 shares during the period. Menard Financial Group LLC boosted its holdings in Casey’s General Stores by 1.2% in the 4th quarter. Menard Financial Group LLC now owns 1,267 shares of the company’s stock worth $700,000 after buying an additional 15 shares during the period. Finally, Cibc World Market Inc. grew its stake in Casey’s General Stores by 0.3% in the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock valued at $2,839,000 after buying an additional 16 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.
Casey’s General Stores Stock Up 0.9%
Shares of NASDAQ:CASY opened at $835.74 on Friday. The firm has a fifty day moving average price of $837.28 and a two-hundred day moving average price of $775.89. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. Casey’s General Stores, Inc. has a one year low of $490.00 and a one year high of $927.85. The company has a market cap of $30.93 billion, a price-to-earnings ratio of 43.62, a PEG ratio of 2.83 and a beta of 0.61.
Casey’s General Stores Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Saturday, August 1st were paid a $0.65 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio is currently 13.57%.
Analyst Ratings Changes
CASY has been the topic of several recent research reports. Wolfe Research restated an “outperform” rating and set a $1,069.00 target price on shares of Casey’s General Stores in a research report on Thursday, June 11th. Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Stephens set a $975.00 target price on Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,000.00 target price on shares of Casey’s General Stores in a report on Monday, June 15th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $944.20.
Get Our Latest Analysis on Casey’s General Stores
Insiders Place Their Bets
In other Casey’s General Stores news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total value of $4,777,512.00. Following the sale, the chief financial officer owned 29,677 shares of the company’s stock, valued at $24,874,074.32. This trade represents a 16.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chad Michael Frazell sold 3,013 shares of Casey’s General Stores stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the sale, the insider owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. This trade represents a 23.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 30,243 shares of company stock worth $24,421,877. 0.67% of the stock is owned by corporate insiders.
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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