Robbins Farley Acquires 1,501 Shares of Casey’s General Stores, Inc. $CASY

by · The Markets Daily

Robbins Farley lifted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 21.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,356 shares of the company’s stock after purchasing an additional 1,501 shares during the period. Casey’s General Stores comprises approximately 1.8% of Robbins Farley’s holdings, making the stock its 21st biggest holding. Robbins Farley’s holdings in Casey’s General Stores were worth $5,084,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fiduciary Financial Advisors acquired a new position in shares of Casey’s General Stores during the 2nd quarter worth approximately $26,000. Polaris Financial Partners acquired a new stake in Casey’s General Stores during the 3rd quarter valued at $29,000. Whipplewood Advisors LLC acquired a new stake in Casey’s General Stores during the 1st quarter valued at $33,000. Bell Investment Advisors Inc acquired a new stake in Casey’s General Stores during the 2nd quarter valued at $33,000. Finally, Anchor Investment Management LLC grew its holdings 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 buying an additional 18 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the subject of several recent research reports. KeyCorp dropped their price target on Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating for the company in a research report on Thursday, September 10th. JPMorgan Chase & Co. reduced their price objective on Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. Wells Fargo & Company reduced their price objective on Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. UBS Group decreased their price objective on Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating on the stock in a research note on Thursday, September 10th. Finally, Raymond James Financial raised Casey’s General Stores from a “market perform” rating to an “outperform” rating and set a $750.00 price objective on the stock in a research note on Thursday, September 10th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $835.38.

Check Out Our Latest Stock Report on Casey’s General Stores

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $684.51 on Wednesday. The firm has a market capitalization of $25.30 billion, a P/E ratio of 32.97, a PEG ratio of 2.24 and a beta of 0.59. The stock has a fifty day moving average price of $695.60 and a 200 day moving average price of $774.23. Casey’s General Stores, Inc. has a 52 week low of $497.38 and a 52 week high of $927.85. The company has a current ratio of 1.02, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last released its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the prior year, the business posted $5.77 earnings per share. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 21.61 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 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.

Further Reading

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