Valmark Advisers Inc. Has $2.25 Million Stake in Casey’s General Stores, Inc. $CASY

Valmark Advisers Inc. lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,404 shares of the company’s stock after purchasing an additional 21 shares during the quarter. Valmark Advisers Inc.’s holdings in Casey’s General Stores were worth $2,247,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC acquired a new position in shares of Casey’s General Stores during the first quarter worth approximately $32,000. Iron Horse Wealth Management LLC raised its position 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 buying an additional 26 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Casey’s General Stores by 242.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after buying an additional 68 shares during the last quarter. WPG Advisers LLC purchased a new stake in Casey’s General Stores in the 1st quarter valued at $47,000. Finally, Wayfinding Financial LLC purchased a new stake in Casey’s General Stores in the 1st quarter valued at $59,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Trading Down 0.2%

Shares of Casey’s General Stores stock opened at $553.74 on Thursday. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $571.57. The firm has a market cap of $20.59 billion, a PE ratio of 35.54 and a beta of 0.68. The stock has a fifty day moving average price of $528.31 and a 200-day moving average price of $491.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results 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. 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 analyst estimates of $4.47 billion. During the same period last year, the firm posted $4.83 EPS. The business’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is presently 14.63%.

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of analyst reports. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Evercore ISI increased their price target on Casey’s General Stores from $560.00 to $580.00 and gave the company an “outperform” rating in a research report on Wednesday, September 10th. BMO Capital Markets increased their price target on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. Royal Bank Of Canada increased their price target on 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, Wells Fargo & Company increased their price target on Casey’s General Stores from $540.00 to $580.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $533.10.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Chad Michael Frazell sold 3,487 shares of the 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 transaction, the insider owned 7,993 shares in the company, valued at approximately $4,439,312.20. This represents a 30.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.54% of the company’s stock.

Casey’s General Stores 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.