Baird Financial Group Inc. Grows Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Baird Financial Group Inc. increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASYGet Rating) by 15.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,069 shares of the company’s stock after buying an additional 2,497 shares during the period. Baird Financial Group Inc. owned 0.05% of Casey’s General Stores worth $3,527,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CASY. Meeder Asset Management Inc. purchased a new stake in Casey’s General Stores during the first quarter worth $28,000. Lumature Wealth Partners LLC boosted its holdings in Casey’s General Stores by 80.2% during the first quarter. Lumature Wealth Partners LLC now owns 310 shares of the company’s stock worth $61,000 after buying an additional 138 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Casey’s General Stores by 152.3% during the first quarter. Quadrant Capital Group LLC now owns 333 shares of the company’s stock worth $66,000 after buying an additional 201 shares in the last quarter. Covestor Ltd boosted its holdings in Casey’s General Stores by 89.7% during the first quarter. Covestor Ltd now owns 330 shares of the company’s stock worth $66,000 after buying an additional 156 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Casey’s General Stores by 54.6% during the second quarter. First Horizon Advisors Inc. now owns 946 shares of the company’s stock worth $174,000 after buying an additional 334 shares in the last quarter. 76.68% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $234.70 on Tuesday. The firm has a 50-day simple moving average of $215.39 and a 200-day simple moving average of $206.56. The stock has a market capitalization of $8.74 billion, a price-to-earnings ratio of 23.49 and a beta of 0.81. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. Casey’s General Stores, Inc. has a 52 week low of $170.82 and a 52 week high of $239.50.

Casey’s General Stores (NASDAQ:CASYGet Rating) last released its quarterly earnings data on Wednesday, September 7th. The company reported $4.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.23). Casey’s General Stores had a return on equity of 16.73% and a net margin of 2.63%. The firm had revenue of $4.45 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the business posted $3.19 earnings per share. Casey’s General Stores’s revenue for the quarter was up 40.0% on a year-over-year basis. On average, equities analysts predict that Casey’s General Stores, Inc. will post 10.02 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Monday, October 31st. Casey’s General Stores’s payout ratio is currently 15.22%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. StockNews.com began coverage on shares of Casey’s General Stores in a report on Wednesday, October 12th. They set a “strong-buy” rating on the stock. Wolfe Research began coverage on shares of Casey’s General Stores in a research report on Wednesday, August 17th. They set an “outperform” rating and a $228.00 price objective for the company. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Casey’s General Stores from $276.00 to $269.00 in a research report on Friday, September 9th. Stephens upped their price objective on shares of Casey’s General Stores from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, November 7th. Finally, BMO Capital Markets upped their price objective on shares of Casey’s General Stores from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, September 9th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $246.88.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 454 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was purchased at an average cost of $220.45 per share, for a total transaction of $100,084.30. Following the completion of the transaction, the director now owns 454 shares in the company, valued at $100,084.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.

Casey’s General Stores Company Profile

(Get Rating)

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 a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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

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