V Square Quantitative Management LLC Has $71,000 Stock Position in Casey’s General Stores, Inc. $CASY

V Square Quantitative Management LLC decreased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 33.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 140 shares of the company’s stock after selling 70 shares during the quarter. V Square Quantitative Management LLC’s holdings in Casey’s General Stores were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $25,000. Summit Securities Group LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $32,000. Iron Horse Wealth Management LLC boosted its position in shares of Casey’s General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after purchasing an additional 26 shares during the period. WPG Advisers LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $47,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Casey’s General Stores by 242.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after purchasing an additional 68 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 0.4%

CASY opened at $561.40 on Friday. Casey’s General Stores, Inc. has a fifty-two week low of $363.00 and a fifty-two week high of $571.57. The business has a 50-day moving average of $525.61 and a 200-day moving average of $486.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The company has a market capitalization of $20.87 billion, a PE ratio of 36.03 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping 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 company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same period last year, the business earned $4.83 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors 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 dividend payout ratio (DPR) is presently 14.63%.

Insider Buying and Selling at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction that occurred on 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 approximately $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

CASY has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. Evercore ISI raised their price objective on Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Royal Bank Of Canada raised 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. Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Finally, Jefferies Financial Group raised 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. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $529.10.

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.