Russell Investments Group Ltd. boosted its stake in Casey’s General Stores Inc (NASDAQ:CASY) by 14.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 99,393 shares of the company’s stock after acquiring an additional 12,537 shares during the quarter. Russell Investments Group Ltd.’s holdings in Casey’s General Stores were worth $10,446,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in Casey’s General Stores in the 2nd quarter worth approximately $142,000. Crossmark Global Holdings Inc. purchased a new stake in Casey’s General Stores in the 2nd quarter worth approximately $204,000. Aristotle Atlantic Partners LLC lifted its position in Casey’s General Stores by 33.1% in the 1st quarter. Aristotle Atlantic Partners LLC now owns 2,426 shares of the company’s stock worth $266,000 after buying an additional 603 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Casey’s General Stores by 134.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,241 shares of the company’s stock worth $341,000 after buying an additional 1,857 shares in the last quarter. Finally, Gideon Capital Advisors Inc. purchased a new stake in Casey’s General Stores in the 2nd quarter worth approximately $355,000. Institutional investors own 95.71% of the company’s stock.
In other news, insider Terry W. Handley sold 1,342 shares of the stock in a transaction on Monday, June 18th. The shares were sold at an average price of $100.12, for a total transaction of $134,361.04. Following the transaction, the insider now owns 33,287 shares in the company, valued at approximately $3,332,694.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.72% of the company’s stock.
Shares of CASY opened at $115.28 on Thursday. Casey’s General Stores Inc has a 12 month low of $90.42 and a 12 month high of $128.51. The firm has a market cap of $4.18 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.73 and a beta of 0.55. The company has a current ratio of 0.78, a quick ratio of 0.31 and a debt-to-equity ratio of 1.02.
Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 12th. The company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.15). Casey’s General Stores had a return on equity of 11.61% and a net margin of 3.79%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the company earned $0.76 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. equities research analysts forecast that Casey’s General Stores Inc will post 4.56 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st were paid a dividend of $0.29 per share. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.26. The ex-dividend date was Tuesday, July 31st. This represents a $1.16 annualized dividend and a dividend yield of 1.01%. Casey’s General Stores’s dividend payout ratio is 30.45%.
A number of research firms have issued reports on CASY. BidaskClub upgraded shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. Zacks Investment Research upgraded shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research note on Thursday, June 14th. Deutsche Bank dropped their price target on shares of Casey’s General Stores from $120.00 to $116.00 and set a “buy” rating on the stock in a research note on Wednesday, June 13th. Jefferies Financial Group set a $134.00 price target on shares of Casey’s General Stores and gave the stock a “buy” rating in a research note on Wednesday, August 22nd. Finally, Northcoast Research restated a “neutral” rating on shares of Casey’s General Stores in a research note on Tuesday, June 5th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $124.56.
Casey’s General Stores Company 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.
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