Schwab Charles Investment Management Inc. boosted its position in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 10.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,098 shares of the company’s stock after purchasing an additional 13,414 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.35% of Caseys General Stores worth $14,578,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Bank of Montreal Can raised its stake in Caseys General Stores by 0.3% during the second quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock worth $564,000 after purchasing an additional 18 shares during the period. US Bancorp DE raised its stake in Caseys General Stores by 2.3% during the second quarter. US Bancorp DE now owns 4,773 shares of the company’s stock worth $512,000 after purchasing an additional 107 shares during the period. Janney Montgomery Scott LLC raised its stake in Caseys General Stores by 2.3% during the second quarter. Janney Montgomery Scott LLC now owns 5,577 shares of the company’s stock worth $597,000 after purchasing an additional 127 shares during the period. State of Alaska Department of Revenue raised its stake in Caseys General Stores by 6.3% during the second quarter. State of Alaska Department of Revenue now owns 2,562 shares of the company’s stock worth $274,000 after purchasing an additional 151 shares during the period. Finally, First Bank & Trust raised its stake in Caseys General Stores by 6.9% during the second quarter. First Bank & Trust now owns 2,668 shares of the company’s stock worth $285,000 after purchasing an additional 172 shares during the period. 99.83% of the stock is currently owned by institutional investors.

A number of brokerages have commented on CASY. Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Jefferies Group LLC reissued a “buy” rating and issued a $134.00 price target (down from $139.00) on shares of Caseys General Stores in a research note on Thursday, August 31st. Royal Bank Of Canada set a $116.00 price target on shares of Caseys General Stores and gave the company a “hold” rating in a research note on Monday, August 28th. BidaskClub downgraded shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, William Blair started coverage on shares of Caseys General Stores in a research note on Wednesday, July 12th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $115.29.

Shares of Caseys General Stores, Inc. (NASDAQ CASY) opened at 110.18 on Tuesday. The stock has a 50 day moving average of $106.13 and a 200-day moving average of $109.18. The stock has a market capitalization of $4.18 billion, a P/E ratio of 26.03 and a beta of 0.50. Caseys General Stores, Inc. has a 1-year low of $99.76 and a 1-year high of $126.49.

Caseys General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.46. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts predict that Caseys General Stores, Inc. will post $4.40 earnings per share for the current fiscal year.

The business 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. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. Caseys General Stores’s dividend payout ratio is presently 24.53%.

In related news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the sale, the senior vice president now directly owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

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

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