Casey’s General Stores, Inc. $CASY Shares Bought by Vontobel Holding Ltd.

by · The Markets Daily

Vontobel Holding Ltd. grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 21.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 140,458 shares of the company’s stock after acquiring an additional 25,009 shares during the period. Vontobel Holding Ltd.’s holdings in Casey’s General Stores were worth $85,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CASY. Fiduciary Financial Advisors acquired a new stake in shares of Casey’s General Stores during the second quarter worth approximately $26,000. Polaris Financial Partners acquired a new stake in Casey’s General Stores in the third quarter valued at $29,000. Whipplewood Advisors LLC acquired a new stake in Casey’s General Stores in the first quarter valued at $33,000. Bell Investment Advisors Inc acquired a new stake in Casey’s General Stores in the second quarter valued at $33,000. Finally, Anchor Investment Management LLC boosted its stake in Casey’s General Stores by 72.0% during the 2nd quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock valued at $34,000 after acquiring an additional 18 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CASY. BMO Capital Markets set a $810.00 price objective on shares of Casey’s General Stores in a report on Thursday, September 10th. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price for the company in a research report on Monday, July 13th. Weiss Ratings lowered shares of Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada upgraded shares of Casey’s General Stores from a “sector perform” rating to an “outperform” rating and cut their target price for the company from $910.00 to $825.00 in a research note on Thursday. Finally, KeyCorp reduced their price target on shares of Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating on the stock in a research report on Thursday, September 10th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $835.38.

Get Our Latest Stock Analysis on CASY

Casey’s General Stores Stock Performance

Shares of CASY traded up $15.59 during mid-day trading on Friday, hitting $689.22. The stock had a trading volume of 546,278 shares, compared to its average volume of 599,177. Casey’s General Stores, Inc. has a fifty-two week low of $497.38 and a fifty-two week high of $927.85. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a market cap of $25.47 billion, a PE ratio of 33.20, a PEG ratio of 2.20 and a beta of 0.59. The company’s fifty day simple moving average is $701.72 and its two-hundred day simple moving average is $774.35.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.78 by $0.59. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The business’s revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company posted $5.77 EPS. On average, equities analysts expect that Casey’s General Stores, Inc. will post 21.43 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Sunday, November 1st will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, October 30th. This represents a $2.60 annualized dividend and a yield of 0.4%. Casey’s General Stores’s payout ratio is presently 12.52%.

Casey’s General Stores Company Profile

(Free Report)

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.

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