Janus Henderson Group PLC Boosts Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Janus Henderson Group PLC boosted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 768,060 shares of the company’s stock after purchasing an additional 10,841 shares during the period. Janus Henderson Group PLC owned about 2.07% of Casey’s General Stores worth $244,592,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CASY. Rise Advisors LLC purchased a new position in Casey’s General Stores in the first quarter valued at approximately $30,000. Advisors Asset Management Inc. purchased a new position in Casey’s General Stores in the first quarter valued at approximately $32,000. V Square Quantitative Management LLC purchased a new position in Casey’s General Stores in the fourth quarter valued at approximately $35,000. McGlone Suttner Wealth Management Inc. purchased a new position in Casey’s General Stores in the fourth quarter valued at approximately $36,000. Finally, ICA Group Wealth Management LLC purchased a new position in Casey’s General Stores in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a research note on Monday. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a research report on Thursday, July 11th. Jefferies Financial Group increased their target price on Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Benchmark restated a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $393.00 target price on shares of Casey’s General Stores in a research report on Monday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $410.22.

Casey’s General Stores Price Performance

Shares of CASY stock traded down $0.48 on Tuesday, reaching $387.54. The company’s stock had a trading volume of 250,853 shares, compared to its average volume of 289,158. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 0.52. Casey’s General Stores, Inc. has a 12-month low of $238.44 and a 12-month high of $401.07. The company has a market capitalization of $14.38 billion, a P/E ratio of 28.86, a PEG ratio of 2.83 and a beta of 0.80. The stock’s 50 day simple moving average is $362.02 and its 200-day simple moving average is $324.55.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 11th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 earnings per share. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 14.2 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, August 1st. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.43. Casey’s General Stores’s dividend payout ratio is currently 12.81%.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.