Commonwealth Equity Services LLC Has $1.43 Million Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Commonwealth Equity Services LLC lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,369 shares of the company’s stock after acquiring an additional 641 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Casey’s General Stores were worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Blueshift Asset Management LLC acquired a new position in shares of Casey’s General Stores in the third quarter worth $287,000. Bank of New York Mellon Corp increased its position in Casey’s General Stores by 3.3% during the third quarter. Bank of New York Mellon Corp now owns 489,819 shares of the company’s stock worth $99,197,000 after buying an additional 15,562 shares during the last quarter. Lido Advisors LLC acquired a new position in Casey’s General Stores during the third quarter worth $751,000. Dfpg Investments LLC acquired a new position in Casey’s General Stores during the fourth quarter worth $519,000. Finally, ExodusPoint Capital Management LP increased its position in Casey’s General Stores by 331.6% during the third quarter. ExodusPoint Capital Management LP now owns 40,432 shares of the company’s stock worth $8,188,000 after buying an additional 31,065 shares during the last quarter. 84.74% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Up 0.1 %

NASDAQ CASY opened at $229.16 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.66 and a current ratio of 1.10. The firm has a 50-day simple moving average of $222.00 and a 200 day simple moving average of $226.09. Casey’s General Stores, Inc. has a twelve month low of $181.40 and a twelve month high of $249.90. The stock has a market cap of $8.54 billion, a PE ratio of 19.05 and a beta of 0.82.

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, beating the consensus estimate of $1.83 by $0.53. Casey’s General Stores had a net margin of 2.96% and a return on equity of 18.02%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter last year, the company earned $1.71 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. On average, research analysts forecast that Casey’s General Stores, Inc. will post 11.66 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Friday, April 28th. Casey’s General Stores’s payout ratio is presently 12.64%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CASY. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and increased their target price for the stock from $247.00 to $270.00 in a research report on Friday, April 14th. StockNews.com initiated coverage on shares of Casey’s General Stores in a research report on Thursday. They set a “strong-buy” rating on the stock. JPMorgan Chase & Co. upgraded shares of Casey’s General Stores from an “underweight” rating to a “neutral” rating and upped their price target for the company from $173.00 to $211.00 in a report on Friday, March 3rd. Benchmark restated a “buy” rating and set a $275.00 price target on shares of Casey’s General Stores in a report on Thursday, March 9th. Finally, Credit Suisse Group restated a “neutral” rating and set a $254.00 price target on shares of Casey’s General Stores in a report on Thursday, March 9th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.50.

Casey’s General Stores Profile

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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.