First Trust Advisors LP decreased its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 48.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,733 shares of the company’s stock after selling 62,116 shares during the period. First Trust Advisors LP owned 0.17% of Caseys General Stores worth $7,379,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. State Treasurer State of Michigan raised its position in Caseys General Stores by 0.6% in the first quarter. State Treasurer State of Michigan now owns 15,900 shares of the company’s stock valued at $1,785,000 after buying an additional 100 shares during the period. Advisory Services Network LLC bought a new position in shares of Caseys General Stores during the first quarter worth about $115,000. BB&T Corp increased its position in shares of Caseys General Stores by 2.7% in the first quarter. BB&T Corp now owns 14,069 shares of the company’s stock worth $1,579,000 after buying an additional 371 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Caseys General Stores by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,704 shares of the company’s stock worth $1,538,000 after buying an additional 200 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in Caseys General Stores by 39.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 95,962 shares of the company’s stock worth $10,771,000 after buying an additional 27,186 shares during the period. Institutional investors own 96.76% of the company’s stock.
Caseys General Stores, Inc. (CASY) remained flat at $108.03 during mid-day trading on Monday. 386,355 shares of the company traded hands. Caseys General Stores, Inc. has a 12-month low of $105.50 and a 12-month high of $136.22. The firm has a market capitalization of $4.21 billion, a PE ratio of 24.11 and a beta of 0.48. The stock’s 50-day moving average price is $112.73 and its 200-day moving average price is $115.07.
Caseys General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, June 5th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $0.09. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the company posted $1.19 EPS. Caseys General Stores’s revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Caseys General Stores, Inc. will post $4.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, July 28th. This is an increase from Caseys General Stores’s previous quarterly dividend of $0.24. Caseys General Stores’s dividend payout ratio is 21.43%.
CASY has been the subject of several research reports. Goldman Sachs Group, Inc. (The) began coverage on Caseys General Stores in a research report on Thursday, April 27th. They set a “neutral” rating and a $109.00 price target for the company. Zacks Investment Research upgraded Caseys General Stores from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 16th. Jefferies Group LLC restated a “buy” rating and issued a $139.00 target price on shares of Caseys General Stores in a report on Thursday, March 16th. Feltl & Co. lowered Caseys General Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 8th. Finally, Northcoast Research lowered Caseys General Stores from a “buy” rating to a “neutral” rating in a research note on Thursday, March 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $120.50.
Caseys General Stores Company Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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