J. W. Coons Advisors LLC Makes New $216,000 Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

J. W. Coons Advisors LLC purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 565 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its stake in shares of Casey’s General Stores by 1.4% during the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock worth $244,592,000 after acquiring an additional 10,841 shares during the period. Norges Bank bought a new position in shares of Casey’s General Stores during the 4th quarter worth approximately $115,799,000. Congress Asset Management Co. MA bought a new position in shares of Casey’s General Stores during the 1st quarter worth approximately $112,081,000. Principal Financial Group Inc. boosted its stake in shares of Casey’s General Stores by 113.0% during the 1st quarter. Principal Financial Group Inc. now owns 291,838 shares of the company’s stock worth $92,936,000 after acquiring an additional 154,803 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Casey’s General Stores by 561.7% during the 4th quarter. Point72 Asset Management L.P. now owns 273,168 shares of the company’s stock worth $75,050,000 after acquiring an additional 231,887 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $362.31 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.87 and a quick ratio of 0.42. Casey’s General Stores, Inc. has a 1 year low of $238.44 and a 1 year high of $401.07. The business has a 50-day moving average of $375.21 and a 200-day moving average of $339.80. The company has a market capitalization of $13.45 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.52 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 11th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.47 billion. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.49 EPS. As a group, equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.06 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a dividend of $0.50 per share. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, August 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.55%. Casey’s General Stores’s dividend payout ratio is presently 14.89%.

Analyst Ratings Changes

Several research firms recently issued reports on CASY. Royal Bank of Canada restated a “sector perform” rating and issued a $393.00 price target on shares of Casey’s General Stores in a research note on Monday, July 29th. Wells Fargo & Company upped their target price on Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft upped their target price on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Benchmark reissued a “buy” rating and set a $410.00 price target on shares of Casey’s General Stores in a report on Wednesday, July 24th. Finally, Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $410.22.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.