Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. increased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 15.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,360 shares of the company’s stock after buying an additional 1,351 shares during the quarter. Moors & Cabot Inc.’s holdings in Casey’s General Stores were worth $3,953,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $2,734,000. Dimensional Fund Advisors LP raised its position in shares of Casey’s General Stores by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after purchasing an additional 14,750 shares during the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of Casey’s General Stores by 30.5% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 7,826 shares of the company’s stock worth $2,986,000 after purchasing an additional 1,831 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Casey’s General Stores by 20.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock worth $174,771,000 after acquiring an additional 77,515 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in Casey’s General Stores by 14.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,910 shares of the company’s stock worth $2,637,000 after acquiring an additional 875 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at approximately $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 Stock Down 0.2 %

Shares of NASDAQ CASY opened at $380.68 on Tuesday. Casey’s General Stores, Inc. has a 52-week low of $260.13 and a 52-week high of $401.07. The firm has a fifty day moving average of $374.20 and a 200-day moving average of $346.15. The stock has a market capitalization of $14.13 billion, a PE ratio of 28.35, a P/E/G ratio of 2.58 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the company earned $4.52 EPS. The firm’s revenue was up 5.9% on a year-over-year basis. On average, analysts anticipate that Casey’s General Stores, Inc. will post 14.15 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group lifted their target price on shares of Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Royal Bank of Canada lifted their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Evercore ISI lifted their target price on shares of Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Casey’s General Stores from $298.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $401.20.

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.