Crossmark Global Holdings Inc. Buys Shares of 2,415 Caseys General Stores, Inc. (CASY)
Crossmark Global Holdings Inc. acquired a new stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,415 shares of the company’s stock, valued at approximately $264,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of CASY. Clear Perspective Advisors LLC grew its position in Caseys General Stores by 8.9% in the 2nd quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock worth $131,000 after purchasing an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Caseys General Stores by 46.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock valued at $191,000 after purchasing an additional 566 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Caseys General Stores by 0.9% during the second quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after buying an additional 23 shares during the last quarter. Denver Investment Advisors LLC lifted its stake in Caseys General Stores by 24.5% in the 2nd quarter. Denver Investment Advisors LLC now owns 2,540 shares of the company’s stock worth $272,000 after purchasing an additional 500 shares in the last quarter. Finally, First Bank & Trust lifted its position in Caseys General Stores by 6.9% during the 2nd quarter. First Bank & Trust now owns 2,668 shares of the company’s stock valued at $285,000 after acquiring an additional 172 shares during the period. 97.18% of the stock is owned by hedge funds and other institutional investors.
In other Caseys General Stores 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 transaction of $108,010.00. Following the completion of the sale, the senior vice president now directly owns 8,229 shares in the company, valued at $888,814.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.
Caseys General Stores, Inc. (CASY) opened at $120.75 on Friday. The firm has a market capitalization of $4,513.92, a PE ratio of 28.09, a PEG ratio of 2.55 and a beta of 0.45. The company has a quick ratio of 0.48, a current ratio of 0.99 and a debt-to-equity ratio of 0.91. 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 announced its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.46. The company 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%. Caseys General Stores’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. sell-side analysts expect that Caseys General Stores, Inc. will post 4.31 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Tuesday, October 31st. Caseys General Stores’s payout ratio is currently 24.53%.
Several analysts have commented on the stock. Royal Bank Of Canada set a $118.00 price target on shares of Caseys General Stores and gave the company a “hold” rating in a research report on Sunday, August 13th. Zacks Investment Research raised Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub downgraded Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Jefferies Group set a $139.00 price objective on shares of Caseys General Stores and gave the stock a “buy” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $115.29.
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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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