Blue Trust Inc. Has $134,000 Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Blue Trust Inc. lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 227.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 350 shares of the company’s stock after purchasing an additional 243 shares during the quarter. Blue Trust Inc.’s holdings in Casey’s General Stores were worth $134,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in Casey’s General Stores by 1.4% in the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after acquiring an additional 10,841 shares in the last quarter. Norges Bank acquired a new position in Casey’s General Stores in the fourth quarter valued at about $115,799,000. Congress Asset Management Co. MA acquired a new position in Casey’s General Stores in the first quarter valued at about $112,081,000. Principal Financial Group Inc. lifted its position in Casey’s General Stores by 113.0% during the first quarter. Principal Financial Group Inc. now owns 291,838 shares of the company’s stock worth $92,936,000 after purchasing an additional 154,803 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in Casey’s General Stores by 561.7% during the fourth quarter. Point72 Asset Management L.P. now owns 273,168 shares of the company’s stock worth $75,050,000 after buying an additional 231,887 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently commented on CASY. Jefferies Financial Group upped their price target on shares of Casey’s General Stores from $342.00 to $445.00 and gave the stock a ‘buy’ rating in a report on Wednesday, June 12th. Benchmark restated a ‘buy’ rating and set a $410.00 target price on shares of Casey’s General Stores in a research note on Wednesday, July 24th. BMO Capital Markets lifted their price target on Casey’s General Stores from $305.00 to $400.00 and gave the company a ‘market perform’ rating in a research note on Thursday, June 13th. Northcoast Research raised Casey’s General Stores from a ‘neutral’ rating to a ‘buy’ rating and set a $410.00 price target for the company in a report on Thursday, July 11th. Finally, Evercore ISI raised their price objective on Casey’s General Stores from $410.00 to $435.00 and gave the company an ‘outperform’ rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of ‘Moderate Buy’ and an average target price of $410.22.
Casey’s General Stores Trading Up 0.7 %
Shares of CASY stock opened at $382.81 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $14.21 billion, a P/E ratio of 28.50, a P/E/G ratio of 2.81 and a beta of 0.80. Casey’s General Stores, Inc. has a twelve month low of $238.44 and a twelve month high of $401.07. The stock’s fifty day simple moving average is $375.15 and its 200 day simple moving average is $334.49.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last issued its quarterly earnings data on Tuesday, June 11th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the business earned $1.49 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 14 EPS for the current fiscal year.
Casey’s General Stores Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, August 1st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.43. Casey’s General Stores’s payout ratio is 14.89%.
Casey’s General Stores Company 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.
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