LPL Financial LLC Has $6.12 Million Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

LPL Financial LLC lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,291 shares of the company’s stock after buying an additional 1,004 shares during the quarter. LPL Financial LLC owned about 0.08% of Casey’s General Stores worth $6,124,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Money Concepts Capital Corp grew its position in shares of Casey’s General Stores by 62.7% during the 4th quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock worth $27,000 after buying an additional 47 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Casey’s General Stores by 4.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 1,236 shares of the company’s stock worth $277,000 after buying an additional 49 shares during the period. Strategy Asset Managers LLC grew its position in shares of Casey’s General Stores by 4.9% during the 1st quarter. Strategy Asset Managers LLC now owns 1,061 shares of the company’s stock worth $230,000 after buying an additional 50 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Casey’s General Stores by 3.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,736 shares of the company’s stock worth $344,000 after buying an additional 54 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in Casey’s General Stores by 0.9% during the 4th quarter. Panagora Asset Management Inc. now owns 6,140 shares of the company’s stock worth $1,378,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $245.25 on Thursday. The firm’s 50 day moving average price is $245.24 and its two-hundred day moving average price is $229.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.59 and a current ratio of 0.99. The firm has a market cap of $9.17 billion, a P/E ratio of 20.57 and a beta of 0.83. Casey’s General Stores, Inc. has a twelve month low of $197.22 and a twelve month high of $257.86.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, June 7th. The company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.38 billion. Casey’s General Stores had a return on equity of 17.13% and a net margin of 2.96%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.60 EPS. On average, analysts forecast that Casey’s General Stores, Inc. will post 10.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CASY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Casey’s General Stores from $294.00 to $278.00 in a research note on Wednesday, June 28th. SpectralCast reissued a “maintains” rating on shares of Casey’s General Stores in a research note on Thursday, June 8th. Stephens reissued an “overweight” rating and set a $280.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, August 23rd. Benchmark reissued a “buy” rating and set a $275.00 price objective on shares of Casey’s General Stores in a research note on Friday, July 14th. Finally, StockNews.com started coverage on shares of Casey’s General Stores in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average price target of $263.78.

About Casey’s General Stores

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.