Speece Thorson Capital Group Inc. Acquires 356 Shares of Casey’s General Stores, Inc. $CASY

Speece Thorson Capital Group Inc. grew its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,418 shares of the company’s stock after buying an additional 356 shares during the period. Casey’s General Stores accounts for about 2.4% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 26th largest position. Speece Thorson Capital Group Inc. owned about 0.06% of Casey’s General Stores worth $11,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Valmark Advisers Inc. increased its holdings in shares of Casey’s General Stores by 0.5% in the second quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock worth $2,247,000 after purchasing an additional 21 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of Casey’s General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after acquiring an additional 26 shares in the last quarter. Menard Financial Group LLC boosted its position in shares of Casey’s General Stores by 2.1% during the 1st quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock valued at $603,000 after acquiring an additional 27 shares during the last quarter. Accurate Wealth Management LLC boosted its position in shares of Casey’s General Stores by 3.9% during the 2nd quarter. Accurate Wealth Management LLC now owns 727 shares of the company’s stock valued at $381,000 after acquiring an additional 27 shares during the last quarter. Finally, Applied Capital LLC FL grew its holdings in shares of Casey’s General Stores by 4.4% in the first quarter. Applied Capital LLC FL now owns 659 shares of the company’s stock valued at $286,000 after purchasing an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $513.19 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The firm has a market capitalization of $19.08 billion, a P/E ratio of 32.94 and a beta of 0.68. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $572.18. The company’s 50-day moving average is $538.93 and its 200 day moving average is $505.71.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the business earned $4.83 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. Research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of 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. Zacks Research upgraded shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Royal Bank Of Canada increased their price target on shares of Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a report on Wednesday, July 9th. Stephens reissued an “overweight” rating and set a $570.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group upped their price objective on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. One research 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 stock. Based on data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $536.60.

Insiders Place Their Bets

In other 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 transaction of $1,936,679.80. Following the completion of the sale, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by insiders.

Casey’s General Stores 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.