QV Investors Inc. Buys 6,010 Shares of Caseys General Stores, Inc. (NASDAQ:CASY)
QV Investors Inc. increased its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 8.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 77,209 shares of the company’s stock after buying an additional 6,010 shares during the period. Caseys General Stores accounts for 0.7% of QV Investors Inc.’s portfolio, making the stock its 29th largest position. QV Investors Inc.’s holdings in Caseys General Stores were worth $8,269,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in shares of Caseys General Stores during the first quarter valued at approximately $115,000. Engine Capital Management LLC raised its stake in shares of Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock valued at $225,000 after buying an additional 1,762 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Caseys General Stores during the first quarter valued at approximately $233,000. State of Alaska Department of Revenue raised its stake in shares of Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock valued at $270,000 after buying an additional 117 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Caseys General Stores during the first quarter valued at approximately $275,000. 96.21% of the stock is currently owned by institutional investors and hedge funds.
Caseys General Stores, Inc. (NASDAQ CASY) opened at 106.53 on Friday. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 23.78 and a beta of 0.48. Caseys General Stores, Inc. has a 52 week low of $101.89 and a 52 week high of $135.68. The company has a 50-day moving average price of $106.25 and a 200-day moving average price of $111.28.
Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.09. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company earned $1.19 EPS. The business’s revenue was up 16.6% on a year-over-year basis. Equities research analysts anticipate that Caseys General Stores, Inc. will post $4.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, July 28th. This is an increase from Caseys General Stores’s previous quarterly dividend of $0.24. Caseys General Stores’s dividend payout ratio is currently 23.21%.
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Several analysts have recently commented on CASY shares. Zacks Investment Research lowered Caseys General Stores from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) started coverage on Caseys General Stores in a report on Thursday, April 27th. They set a “neutral” rating and a $109.00 price objective for the company. Jefferies Group LLC set a $139.00 price objective on Caseys General Stores and gave the company a “buy” rating in a report on Saturday, July 22nd. Sidoti lowered Caseys General Stores from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $130.00 to $118.00 in a report on Tuesday, June 6th. Finally, BMO Capital Markets set a $116.00 price objective on Caseys General Stores and gave the company a “hold” rating in a report on Wednesday, May 31st. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $116.29.
In other Caseys General Stores news, SVP John C. Soupene sold 1,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total value of $106,520.00. Following the completion of the transaction, the senior vice president now owns 1,253 shares in the company, valued at $133,469.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Caseys General Stores Company Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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