Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 468,650 shares of the company’s stock after buying an additional 14,750 shares during the period. Dimensional Fund Advisors LP owned 1.26% of Casey’s General Stores worth $178,822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CASY. Norges Bank acquired a new position in Casey’s General Stores during the fourth quarter worth $115,799,000. Congress Asset Management Co. MA acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $112,081,000. Point72 Asset Management L.P. lifted 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 during the last quarter. Principal Financial Group Inc. lifted 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 during the last quarter. Finally, DAVENPORT & Co LLC lifted 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 during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 2.1 %

CASY opened at $365.23 on Friday. Casey’s General Stores, Inc. has a one year low of $260.13 and a one year high of $401.07. The company has a market cap of $13.55 billion, a P/E ratio of 27.20, a PEG ratio of 2.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The business’s 50-day simple moving average is $374.68 and its 200-day simple moving average is $346.81.

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 analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the business posted $4.52 EPS. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given 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 yield of 0.55%. Casey’s General Stores’s payout ratio is 14.89%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. 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 research note on Thursday, July 11th. Benchmark reaffirmed 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. Deutsche Bank Aktiengesellschaft upped their price target on Casey’s General Stores from $420.00 to $444.00 and gave the company a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lowered Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $300.00 to $337.00 in a research note on Thursday. Finally, BMO Capital Markets increased their target price on Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $404.90.

Insiders Place Their Bets

In other Casey’s General Stores news, 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 transaction of $5,056,290.00. Following the completion of the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 stock was 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 directly owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction that occurred 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 directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Casey’s General Stores 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.