Vanguard Personalized Indexing Management LLC Raises Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Vanguard Personalized Indexing Management LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,716 shares of the company’s stock after purchasing an additional 293 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Casey’s General Stores were worth $1,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CASY. BKM Wealth Management LLC purchased a new position in Casey’s General Stores during the 4th quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Casey’s General Stores during the fourth quarter valued at approximately $36,000. Harvest Fund Management Co. Ltd purchased a new position in Casey’s General Stores during the third quarter valued at approximately $38,000. Milestone Investment Advisors LLC bought a new position in Casey’s General Stores in the third quarter worth approximately $43,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Casey’s General Stores by 283.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the company’s stock worth $45,000 after buying an additional 122 shares during the period. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Northcoast Research downgraded Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Evercore ISI lowered their price target on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Finally, Benchmark restated a “buy” rating and issued a $312.00 target price on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $312.63.

View Our Latest Analysis on CASY

Casey’s General Stores Price Performance

Shares of CASY opened at $335.48 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. The company’s fifty day moving average price is $316.78 and its 200-day moving average price is $294.00. Casey’s General Stores, Inc. has a 1-year low of $212.50 and a 1-year high of $344.01. The firm has a market capitalization of $12.42 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the business earned $2.36 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio is presently 13.67%.

Casey’s General Stores Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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