Casey’s General Stores, Inc. (NASDAQ:CASY) Stock Holdings Raised by Marshall Wace LLP

Marshall Wace LLP lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 113.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,065 shares of the company’s stock after purchasing an additional 6,408 shares during the period. Marshall Wace LLP’s holdings in Casey’s General Stores were worth $4,604,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in Casey’s General Stores by 10.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 317 shares of the company’s stock worth $121,000 after buying an additional 29 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Casey’s General Stores by 0.3% in the second quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company’s stock worth $4,872,000 after purchasing an additional 37 shares during the period. AdvisorShares Investments LLC increased its stake in Casey’s General Stores by 9.3% during the fourth quarter. AdvisorShares Investments LLC now owns 469 shares of the company’s stock valued at $129,000 after purchasing an additional 40 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Casey’s General Stores by 12.8% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $112,000 after purchasing an additional 40 shares during the period. Finally, Mckinley Capital Management LLC lifted its position in shares of Casey’s General Stores by 1.9% in the 1st quarter. Mckinley Capital Management LLC now owns 2,705 shares of the company’s stock worth $861,000 after buying an additional 50 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on CASY. BMO Capital Markets increased their price objective on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research note on Thursday, June 13th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a research report on Thursday, July 11th. Jefferies Financial Group increased their target price on Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. cut shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $407.64.

Casey’s General Stores Trading Up 0.5 %

Shares of NASDAQ:CASY opened at $377.47 on Wednesday. The company has a 50 day moving average of $373.72 and a 200-day moving average of $351.71. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The firm has a market cap of $14.01 billion, a P/E ratio of 28.11 and a beta of 0.80. Casey’s General Stores, Inc. has a twelve month low of $260.13 and a twelve month high of $401.07.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company posted $4.52 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.89%.

Insider Buying and Selling at Casey’s General Stores

In related news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

Casey’s General Stores Company Profile

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.