First Merchants Corp acquired a new stake in Caseys General Stores, Inc. (NASDAQ:CASY) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 4,775 shares of the company’s stock, valued at approximately $523,000.
Several other institutional investors and hedge funds have also modified their holdings of CASY. Janus Henderson Group PLC acquired a new position in shares of Caseys General Stores in the 2nd quarter valued at approximately $162,421,000. Balyasny Asset Management LLC grew its position in shares of Caseys General Stores by 16,548.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 602,023 shares of the company’s stock valued at $64,483,000 after purchasing an additional 598,407 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of Caseys General Stores by 15.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,268,134 shares of the company’s stock valued at $135,830,000 after purchasing an additional 173,544 shares during the period. First Trust Advisors LP grew its position in shares of Caseys General Stores by 789.6% in the 3rd quarter. First Trust Advisors LP now owns 160,032 shares of the company’s stock valued at $17,516,000 after purchasing an additional 142,043 shares during the period. Finally, Iridian Asset Management LLC CT grew its position in shares of Caseys General Stores by 9.2% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,553,345 shares of the company’s stock valued at $166,379,000 after purchasing an additional 131,245 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.
Several brokerages recently issued reports on CASY. Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. BidaskClub downgraded Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Jefferies Group LLC set a $139.00 price target on Caseys General Stores and gave the stock a “buy” rating in a research report on Friday, August 25th. Royal Bank Of Canada set a $118.00 price target on Caseys General Stores and gave the stock a “hold” rating in a research report on Sunday, August 13th. Finally, William Blair assumed coverage on Caseys General Stores in a research report on Wednesday, July 12th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $115.29.
Shares of Caseys General Stores, Inc. (NASDAQ CASY) opened at $116.66 on Monday. Caseys General Stores, Inc. has a 12 month low of $99.76 and a 12 month high of $126.49. The stock has a market capitalization of $4,421.07, a P/E ratio of 27.51, a PEG ratio of 2.50 and a beta of 0.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.48 and a current ratio of 0.99.
Caseys General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the prior year, the business posted $1.70 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. research analysts forecast that Caseys General Stores, Inc. will post 4.31 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Tuesday, October 31st. Caseys General Stores’s dividend payout ratio is currently 24.53%.
In other news, SVP Brian Joseph Johnson sold 1,000 shares of the company’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 transaction of $108,010.00. Following the sale, the senior vice president now owns 8,229 shares in the company, valued at approximately $888,814.29. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
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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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