Pittenger & Anderson Inc. Has $2.20 Million Stock Position in Casey’s General Stores, Inc. $CASY

Pittenger & Anderson Inc. lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 108.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,309 shares of the company’s stock after buying an additional 2,239 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Casey’s General Stores were worth $2,199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Valmark Advisers Inc. lifted its holdings in shares of Casey’s General Stores by 0.5% during the second quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock worth $2,247,000 after buying an additional 21 shares in the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Casey’s General Stores by 4.1% during the first quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company’s stock worth $256,000 after buying an additional 23 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Casey’s General Stores by 1.4% during the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company’s stock worth $812,000 after buying an additional 26 shares in the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of Casey’s General Stores by 40.0% during the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after buying an additional 26 shares in the last quarter. Finally, Menard Financial Group LLC lifted its holdings in shares of Casey’s General Stores by 2.1% during the first quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock worth $603,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CASY. BMO Capital Markets lifted their target price on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Evercore ISI boosted their price target on Casey’s General Stores from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada boosted their price target on Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 9th. Finally, The Goldman Sachs Group boosted their price target on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. One investment 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $536.10.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $564.40 on Tuesday. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $572.18. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $535.05 and its two-hundred day moving average price is $499.52. The stock has a market cap of $20.98 billion, a PE ratio of 36.23 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, September 8th. The company reported $5.77 earnings per share (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 analysts’ expectations of $4.47 billion. During the same quarter in the previous year, the business posted $4.83 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

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

Insider Buying and Selling at Casey’s General Stores

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 transaction of $1,936,679.80. Following the sale, the insider directly owned 7,993 shares in the company, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores 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.