Choreo LLC Buys New Shares in Casey’s General Stores, Inc. (NASDAQ:CASY)

Choreo LLC purchased a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,629 shares of the company’s stock, valued at approximately $614,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wedbush Securities Inc. purchased a new stake in Casey’s General Stores in the 2nd quarter worth approximately $356,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Casey’s General Stores in the second quarter worth $68,000. Quest Partners LLC purchased a new stake in shares of Casey’s General Stores in the second quarter worth $209,000. Oak Thistle LLC bought a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $363,000. Finally, Norden Group LLC lifted its stake in shares of Casey’s General Stores by 120.0% during the 2nd quarter. Norden Group LLC now owns 2,213 shares of the company’s stock valued at $845,000 after buying an additional 1,207 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $381.63 on Friday. The company’s 50-day moving average price is $373.93 and its 200-day moving average price is $345.32. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The company has a market cap of $14.17 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80. Casey’s General Stores, Inc. has a twelve month low of $260.13 and a twelve month high of $401.07.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.52 earnings per share. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 14.15 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.50 dividend. The ex-dividend date is Friday, November 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 14.89%.

Wall Street Analyst Weigh In

CASY has been the topic of a number of recent analyst reports. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a report on Thursday, July 11th. JPMorgan Chase & Co. boosted their price target on Casey’s General Stores from $298.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a report on Monday, July 29th. Jefferies Financial Group boosted their target price on shares of Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Royal Bank of Canada raised their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus target price of $401.20.

Insiders Place Their Bets

In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares in the company, valued at approximately $3,438,890.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s 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 transaction, the insider now owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the sale, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

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.