Oppenheimer & Co. Inc. Grows Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Oppenheimer & Co. Inc. raised its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,829 shares of the company’s stock after purchasing an additional 60 shares during the period. Oppenheimer & Co. Inc.’s holdings in Casey’s General Stores were worth $4,820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. AdvisorNet Financial Inc grew its stake in Casey’s General Stores by 10.1% in the second quarter. AdvisorNet Financial Inc now owns 317 shares of the company’s stock worth $121,000 after purchasing an additional 29 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the period. Verus Capital Partners LLC grew its position in shares of Casey’s General Stores by 3.1% during the 3rd quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock worth $372,000 after buying an additional 30 shares in the last quarter. Raleigh Capital Management Inc. grew its position in shares of Casey’s General Stores by 12.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 354 shares of the company’s stock worth $133,000 after buying an additional 39 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. raised its holdings in shares of Casey’s General Stores by 0.9% in the second quarter. Prairie Wealth Advisors Inc. now owns 4,535 shares of the company’s stock valued at $1,730,000 after acquiring an additional 40 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Insider Transactions at Casey’s General Stores

In related news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The trade was a 15.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. This trade represents a 24.91 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Down 0.8 %

Shares of NASDAQ:CASY opened at $405.71 on Friday. The business’s 50-day moving average is $385.88 and its 200 day moving average is $368.62. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. Casey’s General Stores, Inc. has a 1 year low of $266.56 and a 1 year high of $420.27. The firm has a market capitalization of $15.06 billion, a P/E ratio of 29.53 and a beta of 0.79.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.29. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.52 earnings per share. On average, research analysts predict that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.49%. Casey’s General Stores’s payout ratio is currently 14.56%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CASY. Wells Fargo & Company increased their target price on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Melius Research assumed coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Benchmark restated a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $408.25.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.