Putnam Investments LLC Acquires Shares of 7,459 Casey’s General Stores, Inc. (NASDAQ:CASY)

Putnam Investments LLC acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,459 shares of the company’s stock, valued at approximately $1,511,000.

Other large investors also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC purchased a new stake in Casey’s General Stores in the 3rd quarter valued at about $28,000. Ronald Blue Trust Inc. raised its holdings in shares of Casey’s General Stores by 1,200.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 169 shares of the company’s stock valued at $31,000 after purchasing an additional 156 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Casey’s General Stores by 39.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 198 shares of the company’s stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. New Millennium Group LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter valued at about $57,000. Finally, Lumature Wealth Partners LLC raised its holdings in shares of Casey’s General Stores by 80.2% in the 1st quarter. Lumature Wealth Partners LLC now owns 310 shares of the company’s stock valued at $61,000 after purchasing an additional 138 shares in the last quarter. 84.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CASY. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Casey’s General Stores from $285.00 to $294.00 and gave the company a “buy” rating in a report on Thursday, March 9th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Monday, March 6th. Stephens restated an “overweight” rating and issued a $280.00 price target on shares of Casey’s General Stores in a report on Wednesday, March 8th. Northcoast Research lowered shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Thursday, December 8th. Finally, Benchmark reiterated a “buy” rating and set a $275.00 price objective on shares of Casey’s General Stores in a research note on Thursday, March 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.44.

Casey’s General Stores Stock Down 0.6 %

NASDAQ:CASY opened at $210.40 on Tuesday. The company has a market cap of $7.84 billion, a PE ratio of 17.49 and a beta of 0.82. Casey’s General Stores, Inc. has a twelve month low of $174.05 and a twelve month high of $249.90. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $221.36 and its two-hundred day moving average is $222.79.

Casey’s General Stores (NASDAQ:CASY – Get Rating) last released its earnings results on Wednesday, March 8th. The company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.53. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.35 billion. Casey’s General Stores had a net margin of 2.96% and a return on equity of 18.02%. Casey’s General Stores’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. Analysts anticipate that Casey’s General Stores, Inc. will post 11.6 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Monday, May 1st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, April 28th. Casey’s General Stores’s dividend payout ratio is presently 12.64%.

About Casey’s General Stores

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Casey’s General Stores, Inc engages in the management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.