Burns J W & Co. Inc. NY Purchases New Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Burns J W & Co. Inc. NY purchased a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 762 shares of the company’s stock, valued at approximately $243,000.

Other large investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in Casey’s General Stores during the 1st quarter valued at about $30,000. BKM Wealth Management LLC purchased a new position in Casey’s General Stores in the fourth quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in Casey’s General Stores in the fourth quarter worth about $35,000. McGlone Suttner Wealth Management Inc. purchased a new position in Casey’s General Stores in the fourth quarter worth about $36,000. Finally, ICA Group Wealth Management LLC purchased a new position in Casey’s General Stores in the fourth quarter worth about $41,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CASY shares. Royal Bank of Canada lifted their target price on shares of Casey’s General Stores from $322.00 to $361.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 12th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 20th. Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Casey’s General Stores from $375.00 to $420.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Northcoast Research cut shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, May 15th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus price target of $380.11.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $381.56 on Friday. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.76 and a beta of 0.83. The firm’s fifty day moving average is $341.24 and its 200 day moving average is $309.69. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 0.52. Casey’s General Stores, Inc. has a 52-week low of $234.88 and a 52-week high of $389.43.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.47 billion. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. Casey’s General Stores’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.49 earnings per share. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 14.2 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.50 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. Casey’s General Stores’s dividend payout ratio is presently 12.81%.

About Casey’s General Stores

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.