SG Americas Securities LLC Has $1.20 Million Stake in Casey’s General Stores, Inc. $CASY

SG Americas Securities LLC raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 21.3% in the second quarter, Holdings Channel reports. The fund owned 2,350 shares of the company’s stock after buying an additional 413 shares during the quarter. SG Americas Securities LLC’s holdings in Casey’s General Stores were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in CASY. Summit Securities Group LLC bought a new stake in Casey’s General Stores during the 1st quarter valued at approximately $32,000. Nvwm LLC acquired a new position in shares of Casey’s General Stores during the second quarter worth approximately $32,000. Rossby Financial LCC lifted its holdings in shares of Casey’s General Stores by 580.0% during the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after buying an additional 58 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Casey’s General Stores in the second quarter valued at approximately $42,000. Finally, WPG Advisers LLC acquired a new stake in shares of Casey’s General Stores in the first quarter worth $47,000. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research note on Wednesday, September 10th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Casey’s General Stores in a research report on Thursday, November 13th. The Goldman Sachs Group increased their target price on shares of Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Stephens reissued an “overweight” rating and set a $570.00 target price on shares of Casey’s General Stores in a research report on Wednesday, October 8th. Finally, Evercore ISI upped their price target on Casey’s General Stores from $580.00 to $585.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $564.00.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $560.30 on Friday. The stock’s fifty day simple moving average is $546.25 and its 200 day simple moving average is $513.35. 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 firm has a market cap of $20.83 billion, a price-to-earnings ratio of 35.96 and a beta of 0.66. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last released 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. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates 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 period in the prior year, the company posted $4.83 earnings per share. On average, analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Saturday, November 1st were given a $0.57 dividend. The ex-dividend date was Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s payout ratio is 14.63%.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the sale, the insider directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

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.