104 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Purchased by Bank & Trust Co

Bank & Trust Co acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 104 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors also recently bought and sold shares of CASY. Janus Henderson Group PLC grew its stake in Casey’s General Stores by 1.4% in the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after acquiring an additional 10,841 shares during the period. Norges Bank purchased a new position in Casey’s General Stores during the fourth quarter valued at $115,799,000. Congress Asset Management Co. MA acquired a new stake in shares of Casey’s General Stores in the first quarter valued at about $112,081,000. Principal Financial Group Inc. increased its stake in shares of Casey’s General Stores by 113.0% during the first quarter. Principal Financial Group Inc. now owns 291,838 shares of the company’s stock worth $92,936,000 after purchasing an additional 154,803 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Casey’s General Stores by 561.7% during the 4th quarter. Point72 Asset Management L.P. now owns 273,168 shares of the company’s stock worth $75,050,000 after purchasing an additional 231,887 shares during the last quarter. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Trading Up 0.5 %

Casey’s General Stores stock traded up $1.86 during mid-day trading on Tuesday, hitting $373.73. The company’s stock had a trading volume of 232,281 shares, compared to its average volume of 289,348. Casey’s General Stores, Inc. has a 1 year low of $238.44 and a 1 year high of $401.07. The stock’s fifty day moving average is $366.11 and its two-hundred day moving average is $327.84. The firm has a market capitalization of $13.87 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.80. The company has a current ratio of 0.87, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52.

Casey’s General Stores (NASDAQ:CASY) last issued 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. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the company earned $1.49 EPS. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts anticipate that Casey’s General Stores, Inc. will post 14 EPS for the current year.

Casey’s General Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders 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 dividend yield of 0.54%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, August 1st. Casey’s General Stores’s payout ratio is 14.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective on the stock in a report on Thursday, July 11th. Wells Fargo & Company boosted their price target on Casey’s General Stores from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a report on Monday, July 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $393.00 target price on shares of Casey’s General Stores in a report on Monday, July 29th. Finally, Benchmark reiterated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $410.22.

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.