MGO One Seven LLC Raises Holdings in Casey’s General Stores, Inc. $CASY

MGO One Seven LLC grew its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 93.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,898 shares of the company’s stock after buying an additional 4,792 shares during the quarter. MGO One Seven LLC’s holdings in Casey’s General Stores were worth $5,051,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Valmark Advisers Inc. boosted its holdings in Casey’s General Stores by 0.5% in the 2nd quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock valued at $2,247,000 after purchasing an additional 21 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in 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 in the last quarter. Sunbelt Securities Inc. boosted its holdings in Casey’s General Stores by 1.4% in the 1st quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company’s stock valued at $812,000 after purchasing an additional 26 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in 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 in the last quarter. Finally, Menard Financial Group LLC boosted its holdings in Casey’s General Stores by 2.1% in the 1st quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock valued at $603,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

CASY stock opened at $556.67 on Monday. 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, Inc. has a 12-month low of $372.08 and a 12-month high of $571.57. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 35.73 and a beta of 0.68. The firm has a 50 day moving average of $529.63 and a 200-day moving average of $494.15.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the previous year, the firm posted $4.83 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts expect 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 given 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 currently 14.63%.

Insider Activity

In related news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 7,993 shares in the company, 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 SEC, which is available at this hyperlink. 0.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CASY has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on Casey’s General Stores from $540.00 to $580.00 and gave the company an “overweight” rating in a report on Monday, September 8th. BMO Capital Markets lifted their price objective on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Royal Bank Of Canada lifted their price target on shares of Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 9th. Finally, Jefferies Financial Group lifted their price target on shares of Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $533.10.

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.