Atlanta Capital Management Co. L L C increased its stake in Caseys General Stores, Inc. (NASDAQ:CASY) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,933 shares of the company’s stock after purchasing an additional 5,525 shares during the quarter. Atlanta Capital Management Co. L L C owned approximately 1.19% of Caseys General Stores worth $48,942,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Clear Perspective Advisors LLC boosted its position in Caseys General Stores by 8.9% during the 2nd quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock worth $131,000 after acquiring an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Caseys General Stores by 46.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after acquiring an additional 566 shares during the period. Engine Capital Management LLC boosted its position in Caseys General Stores by 740.3% during the 1st quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $225,000 after acquiring an additional 1,762 shares during the period. Neuberger Berman Group LLC acquired a new stake in Caseys General Stores during the 1st quarter worth about $275,000. Finally, Denver Investment Advisors LLC boosted its position in Caseys General Stores by 24.5% during the 2nd quarter. Denver Investment Advisors LLC now owns 2,540 shares of the company’s stock worth $272,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.
In related news, SVP Brian Joseph Johnson sold 1,000 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $108.01, for a total transaction of $108,010.00. Following the completion of the transaction, the senior vice president now directly owns 8,229 shares in the company, valued at $888,814.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.
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A number of equities research analysts have commented on CASY shares. Royal Bank Of Canada set a $116.00 price objective on Caseys General Stores and gave the stock a “hold” rating in a research report on Monday, August 28th. William Blair started coverage on Caseys General Stores in a research report on Wednesday, July 12th. They set an “outperform” rating for the company. Zacks Investment Research lowered Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Jefferies Group LLC restated a “buy” rating and set a $134.00 price objective (down from $139.00) on shares of Caseys General Stores in a research report on Thursday, August 31st. Finally, BidaskClub lowered Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $115.29.
Shares of Caseys General Stores, Inc. (NASDAQ:CASY) traded up 0.78% during midday trading on Tuesday, hitting $110.72. The stock had a trading volume of 76,967 shares. Caseys General Stores, Inc. has a one year low of $99.76 and a one year high of $126.49. The company has a market capitalization of $4.20 billion, a PE ratio of 26.16 and a beta of 0.51. The firm’s 50-day moving average is $107.33 and its 200 day moving average is $109.11.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.46. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.16 billion. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. Caseys General Stores’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.70 earnings per share. Equities analysts expect that Caseys General Stores, Inc. will post $4.40 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.95%. Caseys General Stores’s payout ratio is presently 24.53%.
About Caseys General Stores
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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