Casey’s General Stores, Inc. $CASY Shares Purchased by PAX Financial Group LLC

PAX Financial Group LLC raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,724 shares of the company’s stock after buying an additional 194 shares during the quarter. PAX Financial Group LLC’s holdings in Casey’s General Stores were worth $880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. ANB Bank increased its holdings in shares of Casey’s General Stores by 5.3% in the 2nd quarter. ANB Bank now owns 595 shares of the company’s stock valued at $304,000 after purchasing an additional 30 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Casey’s General Stores by 5.7% in the second quarter. Intech Investment Management LLC now owns 12,257 shares of the company’s stock valued at $6,254,000 after buying an additional 663 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Casey’s General Stores by 17.4% during the 2nd quarter. Cetera Investment Advisers now owns 20,576 shares of the company’s stock worth $10,499,000 after buying an additional 3,053 shares during the last quarter. SG Americas Securities LLC increased its holdings in Casey’s General Stores by 21.3% during the 2nd quarter. SG Americas Securities LLC now owns 2,350 shares of the company’s stock valued at $1,199,000 after acquiring an additional 413 shares in the last quarter. Finally, Compass Financial Services Inc raised its position in Casey’s General Stores by 3.2% during the second quarter. Compass Financial Services Inc now owns 4,032 shares of the company’s stock worth $2,058,000 after acquiring an additional 125 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CASY has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b+)” rating on shares of Casey’s General Stores in a report on Thursday. Stephens reaffirmed an “overweight” rating and issued a $570.00 target price on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Jefferies Financial Group increased their price target on shares of 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. Wells Fargo & Company started coverage on Casey’s General Stores in a research note on Wednesday, October 15th. They issued an “overweight” rating and a $610.00 target price on the stock. Finally, Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $564.00.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction 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 sale, the insider owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Trading Up 0.3%

Shares of NASDAQ:CASY opened at $538.19 on Monday. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $572.18. The firm has a fifty day moving average price of $545.38 and a 200 day moving average price of $510.91. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $20.01 billion, a PE ratio of 34.54 and a beta of 0.66.

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, beating the consensus estimate of $5.02 by $0.75. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.83 EPS. 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 was paid on Friday, November 14th. Stockholders of record on Saturday, November 1st were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, October 31st. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

About Casey’s General Stores

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.