Schwab Charles Investment Management Inc. raised its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 122,684 shares of the company’s stock after buying an additional 2,539 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.31% of Caseys General Stores worth $13,772,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of CASY. Reilly Financial Advisors LLC boosted its stake in Caseys General Stores by 4.1% in the first quarter. Reilly Financial Advisors LLC now owns 68,398 shares of the company’s stock valued at $7,678,000 after buying an additional 2,674 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Caseys General Stores during the first quarter valued at $1,785,000. Ameriprise Financial Inc. boosted its stake in Caseys General Stores by 1.7% in the first quarter. Ameriprise Financial Inc. now owns 160,221 shares of the company’s stock valued at $17,985,000 after buying an additional 2,732 shares in the last quarter. Sei Investments Co. boosted its stake in Caseys General Stores by 3.7% in the first quarter. Sei Investments Co. now owns 65,270 shares of the company’s stock valued at $7,327,000 after buying an additional 2,309 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its stake in Caseys General Stores by 78.7% in the first quarter. Sit Investment Associates Inc. now owns 27,540 shares of the company’s stock valued at $3,091,000 after buying an additional 12,125 shares in the last quarter. 96.76% of the stock is owned by institutional investors.
Caseys General Stores, Inc. (NASDAQ:CASY) opened at 104.87 on Monday. Caseys General Stores, Inc. has a 12 month low of $101.89 and a 12 month high of $136.22. The company has a 50-day moving average price of $111.18 and a 200 day moving average price of $114.07. The company has a market capitalization of $4.04 billion, a PE ratio of 23.41 and a beta of 0.49.
Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.09. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.88 billion. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.19 earnings per share. On average, equities research analysts forecast that Caseys General Stores, Inc. will post $4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be paid a $0.26 dividend. The ex-dividend date is Friday, July 28th. This is an increase from Caseys General Stores’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 0.99%. Caseys General Stores’s payout ratio is 21.43%.
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CASY has been the subject of several research reports. Zacks Investment Research cut Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and issued a $139.00 price objective on shares of Caseys General Stores in a research report on Tuesday, June 20th. Deutsche Bank AG set a $120.00 price objective on Caseys General Stores and gave the company a “buy” rating in a research report on Tuesday, June 6th. BMO Capital Markets set a $116.00 price objective on Caseys General Stores and gave the company a “hold” rating in a research report on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Caseys General Stores in a research report on Thursday, April 27th. They issued a “neutral” rating and a $109.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned 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.
In related news, SVP Julia L. Jackowski sold 1,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $108.09, for a total value of $108,090.00. Following the completion of the sale, the senior vice president now directly owns 21,902 shares in the company, valued at approximately $2,367,387.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
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.
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