Fenimore Asset Management Inc. Invests $234,000 in Casey’s General Stores Inc (NASDAQ:CASY)

Fenimore Asset Management Inc. purchased a new position in shares of Casey’s General Stores Inc (NASDAQ:CASY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,500 shares of the company’s stock, valued at approximately $234,000.

Other large investors have also modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new position in Casey’s General Stores in the first quarter valued at $29,000. Valeo Financial Advisors LLC lifted its holdings in Casey’s General Stores by 2,500.0% in the first quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock valued at $40,000 after buying an additional 300 shares during the period. Quadrant Capital Group LLC lifted its holdings in Casey’s General Stores by 170.3% in the first quarter. Quadrant Capital Group LLC now owns 346 shares of the company’s stock valued at $42,000 after buying an additional 218 shares during the period. Carroll Financial Associates Inc. acquired a new position in Casey’s General Stores in the first quarter valued at $48,000. Finally, Rehmann Capital Advisory Group lifted its holdings in Casey’s General Stores by 188.4% in the first quarter. Rehmann Capital Advisory Group now owns 398 shares of the company’s stock valued at $51,000 after buying an additional 260 shares during the period. Institutional investors own 89.66% of the company’s stock.

Shares of CASY stock opened at $166.86 on Friday. Casey’s General Stores Inc has a 52-week low of $112.16 and a 52-week high of $169.35. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.23 and a current ratio of 0.69. The company has a 50-day simple moving average of $161.45 and a two-hundred day simple moving average of $140.78. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 3.20 and a beta of 0.58.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, June 10th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.27. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Casey’s General Stores Inc will post 5.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.77%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, July 31st. Casey’s General Stores’s dividend payout ratio is presently 23.23%.

CASY has been the topic of several research reports. Jefferies Financial Group upped their price objective on shares of Casey’s General Stores from $167.00 to $183.00 and gave the company a “buy” rating in a report on Thursday, July 18th. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their price objective on shares of Casey’s General Stores from $140.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, June 14th. Deutsche Bank upped their price objective on shares of Casey’s General Stores from $147.00 to $166.00 and gave the company a “buy” rating in a report on Monday, June 17th. BidaskClub lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Sidoti set a $147.00 target price on shares of Casey’s General Stores and gave the stock a “hold” rating in a research report on Tuesday, June 11th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $151.90.

In other Casey’s General Stores news, SVP Julia L. Jackowski sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $149.49, for a total value of $2,989,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Brian Joseph Johnson sold 4,000 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $156.48, for a total transaction of $625,920.00. Following the completion of the transaction, the senior vice president now owns 14,817 shares in the company, valued at $2,318,564.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,106 shares of company stock worth $5,292,595. Corporate insiders own 0.41% of the company’s stock.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

Recommended Story: The components of the Stochastic Momentum Index

Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.