Oppenheimer & Co. Inc. Acquires 60 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Oppenheimer & Co. Inc. increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,829 shares of the company’s stock after acquiring an additional 60 shares during the period. Oppenheimer & Co. Inc.’s holdings in Casey’s General Stores were worth $4,820,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Sei Investments Co. grew its stake in shares of Casey’s General Stores by 19.1% in the 1st quarter. Sei Investments Co. now owns 45,149 shares of the company’s stock worth $14,379,000 after buying an additional 7,235 shares during the last quarter. US Bancorp DE grew its stake in shares of Casey’s General Stores by 11.6% in the first quarter. US Bancorp DE now owns 2,802 shares of the company’s stock worth $892,000 after acquiring an additional 291 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Casey’s General Stores during the first quarter valued at $226,000. Koshinski Asset Management Inc. purchased a new position in shares of Casey’s General Stores in the 1st quarter worth about $229,000. Finally, Orion Portfolio Solutions LLC boosted its stake in Casey’s General Stores by 26.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 12,875 shares of the company’s stock worth $4,100,000 after purchasing an additional 2,680 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other news, Director Mike Spanos acquired 267 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This represents a 24.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CASY shares. Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. Wells Fargo & Company increased their target price on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Gordon Haskett started coverage on Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price target for the company. Finally, StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $405.71 on Friday. The stock has a market cap of $15.06 billion, a P/E ratio of 29.53 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The stock’s fifty day moving average is $385.88 and its 200 day moving average is $368.62. Casey’s General Stores, Inc. has a one year low of $266.56 and a one year high of $420.27.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share 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 for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the firm earned $4.52 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 14.24 earnings per share 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 issued a $0.50 dividend. 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 0.49%. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

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.