Casey’s General Stores, Inc. $CASY Position Raised by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,353 shares of the company’s stock after purchasing an additional 1,865 shares during the period. Kestra Advisory Services LLC’s holdings in Casey’s General Stores were worth $9,342,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fiduciary Financial Advisors purchased a new stake in shares of Casey’s General Stores in the 2nd quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new position in Casey’s General Stores during the 2nd quarter valued at approximately $33,000. Anchor Investment Management LLC increased its position in Casey’s General Stores by 72.0% during the 2nd quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock valued at $34,000 after buying an additional 18 shares in the last quarter. Caitlin John LLC bought a new position in Casey’s General Stores during the 2nd quarter valued at approximately $35,000. Finally, Polaris Financial Partners purchased a new position in Casey’s General Stores during the third quarter valued at $29,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CASY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $933.00 price target on shares of Casey’s General Stores in a report on Thursday, September 10th. JPMorgan Chase & Co. dropped their price target on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a research note on Thursday, September 3rd. Wells Fargo & Company cut their price objective on shares of Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, October 19th. Finally, Evercore restated an “outperform” rating and set a $775.00 price objective on shares of Casey’s General Stores in a research note on Friday, September 11th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $835.38.

Casey’s General Stores Trading Up 0.9%

Casey’s General Stores stock opened at $698.48 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61. Casey’s General Stores, Inc. has a one year low of $529.84 and a one year high of $927.85. The stock has a market capitalization of $25.82 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.59. The business’s fifty day moving average is $656.31 and its 200 day moving average is $741.71.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, topping the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same period last year, the company earned $5.77 EPS. Casey’s General Stores’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, sell-side analysts predict that Casey’s General Stores, Inc. will post 21.61 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey’s General Stores’s dividend payout ratio (DPR) is presently 12.52%.

About Casey’s General Stores

Casey’s General Stores, Inc. (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods. The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.