Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Commerce Bank

Commerce Bank increased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,502 shares of the company’s stock after purchasing an additional 980 shares during the quarter. Commerce Bank’s holdings in Casey’s General Stores were worth $4,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. LexAurum Advisors LLC grew its stake in Casey’s General Stores by 3.1% during the 4th quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock worth $362,000 after purchasing an additional 40 shares in the last quarter. Signaturefd LLC grew its stake in Casey’s General Stores by 12.8% during the 3rd quarter. Signaturefd LLC now owns 387 shares of the company’s stock worth $105,000 after purchasing an additional 44 shares in the last quarter. Savant Capital LLC grew its stake in Casey’s General Stores by 5.0% during the 3rd quarter. Savant Capital LLC now owns 974 shares of the company’s stock worth $264,000 after purchasing an additional 46 shares in the last quarter. Raymond James Trust N.A. grew its stake in Casey’s General Stores by 5.0% during the 4th quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock worth $284,000 after purchasing an additional 49 shares in the last quarter. Finally, Islay Capital Management LLC grew its stake in Casey’s General Stores by 0.9% during the 4th quarter. Islay Capital Management LLC now owns 5,238 shares of the company’s stock worth $1,439,000 after purchasing an additional 49 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Up 1.5 %

Casey’s General Stores stock opened at $343.14 on Monday. Casey’s General Stores, Inc. has a fifty-two week low of $212.50 and a fifty-two week high of $344.61. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89. The company has a market capitalization of $12.70 billion, a P/E ratio of 27.28, a PEG ratio of 2.49 and a beta of 0.82. The stock has a 50-day simple moving average of $320.73 and a 200-day simple moving average of $296.44.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last posted its earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the business earned $2.36 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts expect that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio is presently 13.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CASY shares. Benchmark reaffirmed a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Northcoast Research cut Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 15th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Wells Fargo & Company upped their price objective on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Finally, Evercore ISI lowered their price objective on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average target price of $312.63.

Read Our Latest Report on CASY

Casey’s General Stores Company Profile

(Free Report)

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.

See Also

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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