7,354 Shares in Casey’s General Stores (CASY) Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. acquired a new stake in Casey’s General Stores (NASDAQ:CASY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,354 shares of the company’s stock, valued at approximately $807,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Scout Investments Inc. boosted its holdings in Casey’s General Stores by 38.2% in the 1st quarter. Scout Investments Inc. now owns 189,272 shares of the company’s stock valued at $20,776,000 after purchasing an additional 52,278 shares in the last quarter. BlackRock Inc. boosted its holdings in Casey’s General Stores by 1.2% in the 1st quarter. BlackRock Inc. now owns 3,076,859 shares of the company’s stock valued at $337,749,000 after purchasing an additional 36,294 shares in the last quarter. Eagle Asset Management Inc. boosted its holdings in Casey’s General Stores by 5.2% in the 1st quarter. Eagle Asset Management Inc. now owns 630,014 shares of the company’s stock valued at $69,156,000 after purchasing an additional 30,995 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Casey’s General Stores by 3.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 155,027 shares of the company’s stock valued at $17,018,000 after purchasing an additional 5,732 shares in the last quarter. Finally, Granite Springs Asset Management LLC boosted its holdings in Casey’s General Stores by 9.7% in the 1st quarter. Granite Springs Asset Management LLC now owns 5,650 shares of the company’s stock valued at $620,000 after purchasing an additional 500 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors.

Shares of Casey’s General Stores stock opened at $96.78 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.03 and a quick ratio of 0.48. Casey’s General Stores has a 1 year low of $95.62 and a 1 year high of $128.51. The company has a market cap of $3.78 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.66 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Wednesday, March 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.14). Casey’s General Stores had a return on equity of 12.70% and a net margin of 4.03%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. analysts forecast that Casey’s General Stores will post 3.97 EPS for the current fiscal year.

Casey’s General Stores declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st were given a dividend of $0.26 per share. The ex-dividend date was Monday, April 30th. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. Casey’s General Stores’s dividend payout ratio is currently 23.21%.

In related news, Director David K. Lenhardt acquired 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average cost of $111.24 per share, for a total transaction of $255,852.00. Following the transaction, the director now directly owns 2,300 shares of the company’s stock, valued at approximately $255,852. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Cara Kay Heiden acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were bought at an average price of $109.77 per share, with a total value of $439,080.00. Following the completion of the transaction, the director now directly owns 5,043 shares in the company, valued at $553,570.11. The disclosure for this purchase can be found here. Insiders own 1.30% of the company’s stock.

CASY has been the topic of a number of analyst reports. Zacks Investment Research raised Casey’s General Stores from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Tuesday, February 20th. Goldman Sachs started coverage on Casey’s General Stores in a research note on Thursday, April 5th. They set a “neutral” rating and a $106.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $118.00 price target (up previously from $112.00) on shares of Casey’s General Stores in a research note on Thursday, March 8th. Wells Fargo & Co reissued a “market perform” rating and set a $116.00 price target (down previously from $118.00) on shares of Casey’s General Stores in a research note on Thursday, March 8th. Finally, Stephens set a $140.00 price target on Casey’s General Stores and gave the stock a “buy” rating in a research note on Wednesday, March 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Casey’s General Stores currently has a consensus rating of “Hold” and a consensus target price of $122.91.

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.

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 (NASDAQ:CASY).

Institutional Ownership by Quarter for Casey`s General Stores (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.



Leave a Reply