International Assets Investment Management LLC Acquires 121 Shares of Casey’s General Stores, Inc. $CASY

International Assets Investment Management LLC grew its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 23.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 627 shares of the company’s stock after purchasing an additional 121 shares during the period. International Assets Investment Management LLC’s holdings in Casey’s General Stores were worth $320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CASY. GAMMA Investing LLC increased its stake in shares of Casey’s General Stores by 25.7% in the 1st quarter. GAMMA Investing LLC now owns 1,253 shares of the company’s stock valued at $544,000 after purchasing an additional 256 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Casey’s General Stores by 12.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,237 shares of the company’s stock valued at $1,405,000 after purchasing an additional 362 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Casey’s General Stores by 2.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,490 shares of the company’s stock valued at $8,025,000 after purchasing an additional 426 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Casey’s General Stores by 4.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company’s stock valued at $256,000 after purchasing an additional 23 shares during the last quarter. Finally, YHB Investment Advisors Inc. increased its stake in shares of Casey’s General Stores by 2.8% in the 1st quarter. YHB Investment Advisors Inc. now owns 1,939 shares of the company’s stock valued at $842,000 after purchasing an additional 53 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CASY shares. The Goldman Sachs Group boosted their price objective on Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Jefferies Financial Group boosted their price objective on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Royal Bank Of Canada boosted their price objective on Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 9th. Stephens restated an “overweight” rating and set a $570.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $536.60.

Casey’s General Stores Trading Down 0.5%

NASDAQ CASY opened at $545.15 on Thursday. The business’s 50-day moving average price is $536.22 and its two-hundred day moving average price is $500.17. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $572.18. The firm has a market capitalization of $20.27 billion, a PE ratio of 34.99 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter in the previous year, the company posted $4.83 EPS. The business’s revenue was up 11.5% on a year-over-year basis. On average, analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey’s General Stores’s payout ratio is currently 14.63%.

Insider Activity

In other news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. The trade was a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of 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.