Waterloo Capital L.P. Grows Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Waterloo Capital L.P. lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 12.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,550 shares of the company’s stock after purchasing an additional 391 shares during the period. Waterloo Capital L.P.’s holdings in Casey’s General Stores were worth $1,355,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Park Place Capital Corp purchased a new stake in Casey’s General Stores in the second quarter valued at $31,000. Innealta Capital LLC purchased a new stake in Casey’s General Stores in the second quarter valued at $32,000. Rise Advisors LLC purchased a new stake in Casey’s General Stores in the first quarter valued at $30,000. Advisors Asset Management Inc. purchased a new stake in Casey’s General Stores in the first quarter valued at $32,000. Finally, Bank & Trust Co purchased a new stake in Casey’s General Stores in the second quarter valued at $40,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 9,044 shares in the company, valued at $3,438,890.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the company’s 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 transaction, 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. Company insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

CASY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a research report on Thursday, July 11th. Benchmark restated a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, September 10th. BMO Capital Markets lifted their price objective on shares of Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a research note on Thursday, June 13th. Finally, StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus price target of $401.20.

Casey’s General Stores Trading Down 0.6 %

Shares of Casey’s General Stores stock opened at $373.02 on Thursday. Casey’s General Stores, Inc. has a 52-week low of $260.13 and a 52-week high of $401.07. 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’s 50-day simple moving average is $374.49 and its 200-day simple moving average is $346.63. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.58 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the business posted $4.52 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.15 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently declared 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 of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.54%. Casey’s General Stores’s dividend payout ratio (DPR) is 14.89%.

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.