Nisa Investment Advisors LLC Purchases 3,050 Shares of Casey’s General Stores Inc (NASDAQ:CASY)

Nisa Investment Advisors LLC boosted its position in Casey’s General Stores Inc (NASDAQ:CASY) by 20.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,180 shares of the company’s stock after acquiring an additional 3,050 shares during the period. Nisa Investment Advisors LLC’s holdings in Casey’s General Stores were worth $2,718,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in Casey’s General Stores in the 1st quarter worth $31,000. Signaturefd LLC boosted its stake in shares of Casey’s General Stores by 72.5% during the 1st quarter. Signaturefd LLC now owns 264 shares of the company’s stock valued at $35,000 after purchasing an additional 111 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Casey’s General Stores during the 4th quarter valued at about $11,050,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Casey’s General Stores by 125.0% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 360 shares of the company’s stock valued at $53,000 after purchasing an additional 200 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its stake in shares of Casey’s General Stores by 58.0% during the 1st quarter. Sowell Financial Services LLC now owns 482 shares of the company’s stock valued at $64,000 after purchasing an additional 177 shares in the last quarter. 87.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Casey’s General Stores stock opened at $159.19 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.14 and a current ratio of 0.36. The stock has a market capitalization of $5.88 billion, a PE ratio of 22.42 and a beta of 0.78. Casey’s General Stores Inc has a 52-week low of $114.01 and a 52-week high of $181.99. The company has a 50-day simple moving average of $154.77 and a two-hundred day simple moving average of $156.38.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, June 8th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.12). The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Casey’s General Stores had a return on equity of 16.80% and a net margin of 2.88%. The firm’s quarterly revenue was down 16.8% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities research analysts forecast that Casey’s General Stores Inc will post 5.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.28 annualized dividend and a yield of 0.80%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 18.03%.

In other Casey’s General Stores news, Director Diane C. Bridgewater sold 905 shares of Casey’s General Stores stock in a transaction dated Friday, June 19th. The shares were sold at an average price of $155.15, for a total value of $140,410.75. Following the completion of the transaction, the director now directly owns 13,133 shares of the company’s stock, valued at $2,037,584.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating and set a $155.00 target price on the stock in a research note on Friday, May 8th. Deutsche Bank lifted their target price on shares of Casey’s General Stores from $175.00 to $177.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group lifted their target price on shares of Casey’s General Stores from $175.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Sidoti boosted their price objective on shares of Casey’s General Stores from $176.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research note on Thursday, July 16th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Casey’s General Stores presently has a consensus rating of “Hold” and a consensus target price of $167.91.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

See Also: Capital Gains

Institutional Ownership by Quarter for Casey`s General Stores (NASDAQ:CASY)

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