Cambridge Investment Research Advisors Inc. boosted its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,964 shares of the company’s stock after buying an additional 203 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Caseys General Stores were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Caseys General Stores by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 3,440,957 shares of the company’s stock worth $386,247,000 after buying an additional 186,873 shares during the period. BlackRock Inc. raised its holdings in Caseys General Stores by 14,288.2% during the 1st quarter. BlackRock Inc. now owns 3,093,329 shares of the company’s stock worth $347,227,000 after buying an additional 3,071,830 shares during the period. Iridian Asset Management LLC CT raised its holdings in Caseys General Stores by 9.2% during the 2nd quarter. Iridian Asset Management LLC CT now owns 1,553,345 shares of the company’s stock worth $166,379,000 after buying an additional 131,245 shares during the period. Clearbridge Investments LLC raised its holdings in Caseys General Stores by 23.6% during the 1st quarter. Clearbridge Investments LLC now owns 1,373,665 shares of the company’s stock worth $154,194,000 after buying an additional 262,360 shares during the period. Finally, State Street Corp raised its holdings in Caseys General Stores by 2.3% during the 1st quarter. State Street Corp now owns 1,081,194 shares of the company’s stock worth $121,356,000 after buying an additional 23,935 shares during the period. Hedge funds and other institutional investors own 99.48% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was published by Daily Political and is the property of of Daily Political. If you are accessing this article on another site, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/17/caseys-general-stores-inc-casy-holdings-increased-by-cambridge-investment-research-advisors-inc.html.

A number of brokerages have recently weighed in on CASY. Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Sidoti downgraded Caseys General Stores from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $118.00 in a report on Tuesday, June 6th. BMO Capital Markets set a $116.00 target price on Caseys General Stores and gave the company a “hold” rating in a report on Wednesday, May 31st. BidaskClub downgraded Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $139.00 target price on shares of Caseys General Stores in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $115.29.

Caseys General Stores, Inc. (CASY) opened at 106.75 on Friday. The firm has a market cap of $4.11 billion, a P/E ratio of 23.83 and a beta of 0.50. The company has a 50-day moving average price of $106.04 and a 200-day moving average price of $109.37. Caseys General Stores, Inc. has a 12-month low of $99.76 and a 12-month high of $126.49.

Caseys General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm earned $1.70 EPS. Caseys General Stores’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts predict that Caseys General Stores, Inc. will post $4.40 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, October 31st. Caseys General Stores’s dividend payout ratio is presently 24.53%.

In related news, SVP Julia L. Jackowski sold 1,000 shares of Caseys General Stores stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $108.09, for a total value of $108,090.00. Following the sale, the senior vice president now owns 21,902 shares of the company’s stock, valued at approximately $2,367,387.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

About Caseys General Stores

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.

Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

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