Caseys General Stores, Inc. (CASY) Stake Lowered by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. lowered its position in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 0.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 131,619 shares of the company’s stock after selling 105 shares during the period. Kennedy Capital Management Inc. owned approximately 0.34% of Caseys General Stores worth $14,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in Caseys General Stores by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,126 shares of the company’s stock valued at $335,000 after purchasing an additional 16 shares during the last quarter. Bank of Montreal Can increased its holdings in Caseys General Stores by 0.3% in the 2nd quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock valued at $564,000 after purchasing an additional 18 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Caseys General Stores by 0.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after purchasing an additional 23 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Caseys General Stores by 0.8% in the 2nd quarter. Pacer Advisors Inc. now owns 5,565 shares of the company’s stock valued at $596,000 after purchasing an additional 44 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its position in Caseys General Stores by 2.9% in the 2nd quarter. Wesbanco Bank Inc. now owns 3,223 shares of the company’s stock valued at $345,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 99.83% of the company’s stock.

Caseys General Stores, Inc. (CASY) opened at 107.89 on Friday. Caseys General Stores, Inc. has a 1-year low of $99.76 and a 1-year high of $126.49. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 25.49 and a beta of 0.50. The firm has a 50-day moving average of $106.13 and a 200-day moving average of $109.18.

Caseys General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, meeting analysts’ consensus estimates of $1.46. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. Caseys General Stores’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. On average, analysts expect that Caseys General Stores, Inc. will post $4.40 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. Caseys General Stores’s payout ratio is 24.53%.

Several equities analysts have commented on CASY shares. Zacks Investment Research cut shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Jefferies Group LLC set a $139.00 price target on shares of Caseys General Stores and gave the company a “buy” rating in a research report on Saturday, July 22nd. Royal Bank Of Canada set a $116.00 price objective on shares of Caseys General Stores and gave the stock a “hold” rating in a research report on Monday, August 28th. William Blair initiated coverage on shares of Caseys General Stores in a research report on Wednesday, July 12th. They set an “outperform” rating for the company. Finally, Sidoti cut shares of Caseys General Stores from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $118.00 in a research report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Caseys General Stores has an average rating of “Hold” and an average price target of $115.29.

In related news, SVP John C. Soupene sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total transaction of $106,520.00. Following the completion of the sale, the senior vice president now directly owns 1,253 shares of the company’s stock, valued at approximately $133,469.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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About Caseys General Stores

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.

Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

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