Oppenheimer Asset Management Inc. Has $2.64 Million Stake in Casey’s General Stores, Inc. (NASDAQ:CASY)

Oppenheimer Asset Management Inc. boosted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 14.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,910 shares of the company’s stock after buying an additional 875 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Casey’s General Stores were worth $2,637,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CASY. Norges Bank acquired a new stake in Casey’s General Stores during the fourth quarter worth about $115,799,000. Congress Asset Management Co. MA acquired a new stake in shares of Casey’s General Stores in the 1st quarter valued at approximately $112,081,000. Point72 Asset Management L.P. boosted its stake in shares of Casey’s General Stores by 561.7% in the 4th quarter. Point72 Asset Management L.P. now owns 273,168 shares of the company’s stock valued at $75,050,000 after purchasing an additional 231,887 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Casey’s General Stores by 113.0% in the 1st quarter. Principal Financial Group Inc. now owns 291,838 shares of the company’s stock valued at $92,936,000 after purchasing an additional 154,803 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in shares of Casey’s General Stores by 11,242.6% in the 1st quarter. DAVENPORT & Co LLC now owns 107,641 shares of the company’s stock valued at $34,284,000 after purchasing an additional 106,692 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CASY. Wells Fargo & Company raised their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Evercore ISI raised their price target on shares of Casey’s General Stores from $410.00 to $435.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Benchmark restated a “buy” rating and issued a $410.00 price target on shares of Casey’s General Stores in a research note on Tuesday, September 10th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, Royal Bank of Canada raised their price target 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 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $401.20.

Casey’s General Stores Stock Down 1.4 %

Casey’s General Stores stock opened at $375.31 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. Casey’s General Stores, Inc. has a 52-week low of $260.13 and a 52-week high of $401.07. The firm has a 50 day moving average price of $374.20 and a two-hundred day moving average price of $346.15. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.58 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business earned $4.52 EPS. The company’s revenue was up 5.9% compared to the same quarter last year. Equities analysts predict that Casey’s General Stores, Inc. will post 14.15 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.53%. Casey’s General Stores’s payout ratio is 14.89%.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were 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 approximately $27,655,284.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

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. 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.