Thrivent Financial For Lutherans Buys 500 Shares of Caseys General Stores, Inc. (CASY)
Thrivent Financial For Lutherans boosted its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,930 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Caseys General Stores were worth $849,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in Caseys General Stores by 56.7% during the second quarter. BNP Paribas Arbitrage SA now owns 16,839 shares of the company’s stock valued at $1,804,000 after acquiring an additional 6,093 shares in the last quarter. Crawford Investment Counsel Inc. purchased a new position in Caseys General Stores during the second quarter valued at approximately $1,629,000. Pecaut & CO. purchased a new position in Caseys General Stores during the second quarter valued at approximately $1,706,000. State Board of Administration of Florida Retirement System raised its position in Caseys General Stores by 4.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 47,170 shares of the company’s stock valued at $5,052,000 after acquiring an additional 2,163 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its position in Caseys General Stores by 10.2% during the second quarter. Eagle Asset Management Inc. now owns 607,492 shares of the company’s stock valued at $65,068,000 after acquiring an additional 56,296 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.
Several research analysts recently weighed in on the company. BidaskClub upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and issued a $139.00 price objective on shares of Caseys General Stores in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada set a $118.00 price objective on Caseys General Stores and gave the company a “hold” rating in a research report on Sunday, August 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $115.29.
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Shares of Caseys General Stores, Inc. (CASY) opened at 109.86 on Tuesday. The stock has a market capitalization of $4.16 billion, a PE ratio of 25.96 and a beta of 0.51. Caseys General Stores, Inc. has a 52-week low of $99.76 and a 52-week high of $126.49. The stock has a 50 day moving average price of $107.33 and a 200-day moving average price of $109.11.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, meeting the consensus estimate of $1.46. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $1.70 EPS. On average, equities research analysts anticipate that Caseys General Stores, Inc. will post $4.40 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.26 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.04 annualized dividend and a dividend yield of 0.95%. Caseys General Stores’s dividend payout ratio is currently 24.53%.
In other news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the completion of the sale, the senior vice president now directly owns 8,229 shares of the company’s stock, valued at approximately $888,814.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by company insiders.
Caseys General Stores 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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