81 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Bought by Park Place Capital Corp

Park Place Capital Corp bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 81 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of Casey’s General Stores during the first quarter worth approximately $30,000. Advisors Asset Management Inc. acquired a new stake in shares of Casey’s General Stores during the first quarter worth approximately $32,000. V Square Quantitative Management LLC acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth approximately $35,000. ICA Group Wealth Management LLC acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth approximately $41,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Casey’s General Stores by 283.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the company’s stock valued at $45,000 after purchasing an additional 122 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock traded down $0.15 on Monday, reaching $371.78. 213,144 shares of the stock were exchanged, compared to its average volume of 288,688. The firm’s 50 day moving average is $365.54 and its 200-day moving average is $327.23. Casey’s General Stores, Inc. has a one year low of $238.44 and a one year high of $401.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87. The firm has a market cap of $13.80 billion, a PE ratio of 27.69, a P/E/G ratio of 2.81 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, June 11th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.64. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 EPS. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 14 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.50 dividend. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, August 1st. Casey’s General Stores’s dividend payout ratio is 14.89%.

Analysts Set New Price Targets

CASY has been the subject of a number of research reports. Jefferies Financial Group raised their price target on shares of Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. BMO Capital Markets raised their price objective on shares of Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. Wells Fargo & Company raised their price objective on shares of Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, June 13th. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective on the stock in a research report on Thursday, July 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $410.22.

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. 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.