Strategic Blueprint LLC Reduces Holdings in Casey’s General Stores, Inc. $CASY

Strategic Blueprint LLC reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 501 shares of the company’s stock after selling 74 shares during the quarter. Strategic Blueprint LLC’s holdings in Casey’s General Stores were worth $256,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Valmark Advisers Inc. grew its holdings in Casey’s General Stores by 0.5% during the 2nd quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock worth $2,247,000 after acquiring an additional 21 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in Casey’s General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after acquiring an additional 26 shares in the last quarter. Menard Financial Group LLC grew its holdings in Casey’s General Stores by 2.1% during the 1st quarter. Menard Financial Group LLC now owns 1,290 shares of the company’s stock worth $603,000 after acquiring an additional 27 shares in the last quarter. Accurate Wealth Management LLC grew its holdings in Casey’s General Stores by 3.9% during the 2nd quarter. Accurate Wealth Management LLC now owns 727 shares of the company’s stock worth $381,000 after acquiring an additional 27 shares in the last quarter. Finally, Applied Capital LLC FL grew its holdings in Casey’s General Stores by 4.4% during the 1st quarter. Applied Capital LLC FL now owns 659 shares of the company’s stock worth $286,000 after acquiring an additional 28 shares in the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Casey’s General Stores

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. BMO Capital Markets raised their price objective on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock 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 report on Wednesday, July 9th. KeyCorp lifted their price target on shares of Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, Zacks Research raised shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $536.60.

Casey’s General Stores Trading Up 0.9%

Casey’s General Stores stock opened at $535.95 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $537.78 and a two-hundred day moving average price of $503.46. The firm has a market capitalization of $19.93 billion, a price-to-earnings ratio of 34.40 and a beta of 0.68. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 3.54% and a return on equity of 16.73%. Casey’s General Stores’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.83 EPS. Sell-side analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

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.