J. W. Coons Advisors LLC Grows Stock Position in Casey’s General Stores, Inc. $CASY

J. W. Coons Advisors LLC boosted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 44.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 815 shares of the company’s stock after buying an additional 250 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Casey’s General Stores were worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Summit Securities Group LLC purchased a new stake in Casey’s General Stores in the first quarter worth $32,000. Rossby Financial LCC increased its position in Casey’s General Stores by 580.0% in the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after buying an additional 58 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in shares of Casey’s General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after purchasing an additional 26 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Casey’s General Stores in the second quarter valued at $42,000. Finally, WPG Advisers LLC purchased a new position in shares of Casey’s General Stores in the first quarter valued at $47,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $513.65 on Tuesday. The firm has a market capitalization of $19.10 billion, a price-to-earnings ratio of 32.97 and a beta of 0.68. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $572.18. The stock has a fifty day moving average of $539.27 and a 200 day moving average of $506.08. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data 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. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $4.83 earnings per share. On average, research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s payout ratio is 14.63%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction dated 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 owned 7,993 shares of the company’s stock, valued at $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price target on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 9th. Stephens reiterated an “overweight” rating and issued a $570.00 price target on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Evercore ISI lifted their price target on Casey’s General Stores from $580.00 to $585.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group lifted their price target on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Finally, Wells Fargo & Company assumed coverage on Casey’s General Stores in a research report on Wednesday, October 15th. They issued an “overweight” rating and a $610.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $551.78.

Casey’s General Stores Company 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.