Caseys General Stores, Inc. (CASY) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 581,000 shares of the company’s stock after acquiring an additional 16,512 shares during the period. JPMorgan Chase & Co. owned about 1.53% of Caseys General Stores worth $64,073,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Clear Perspective Advisors LLC grew its holdings in Caseys General Stores by 8.9% during the 2nd quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock worth $131,000 after acquiring an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 buying an additional 566 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Caseys General Stores in the 3rd quarter valued at about $264,000. Neuberger Berman Group LLC boosted its holdings in shares of Caseys General Stores by 0.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after buying an additional 23 shares during the period. Finally, Denver Investment Advisors LLC boosted its holdings in shares of Caseys General Stores by 24.5% in the 2nd quarter. Denver Investment Advisors LLC now owns 2,540 shares of the company’s stock valued at $272,000 after buying an additional 500 shares during the period. 97.20% of the stock is owned by institutional investors.

CASY has been the subject of several research reports. 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 report on Monday, August 28th. Zacks Investment Research lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Raymond James Financial reaffirmed a “buy” rating on shares of Caseys General Stores in a report on Wednesday. Jefferies Group reaffirmed a “buy” rating and issued a $134.00 price target (down from $139.00) on shares of Caseys General Stores in a report on Thursday, August 31st. Finally, BidaskClub lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $115.29.

In related news, SVP Brian Joseph Johnson sold 1,000 shares of Caseys General Stores stock in a transaction dated 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 in the company, valued at approximately $888,814.29. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Shares of Caseys General Stores, Inc. (NASDAQ:CASY) opened at $124.57 on Thursday. The firm has a market cap of $4,677.64, a PE ratio of 29.11, a P/E/G ratio of 2.65 and a beta of 0.46. Caseys General Stores, Inc. has a 52-week low of $99.76 and a 52-week high of $126.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.48.

Caseys General Stores (NASDAQ:CASY) last issued 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 firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. Caseys General Stores’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.70 EPS. equities analysts predict that Caseys General Stores, Inc. will post 4.31 earnings per share for the current year.

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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)

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