J.W. Cole Advisors Inc. Grows Position in Casey's General Stores, Inc. $CASY

J.W. Cole Advisors Inc. increased its stake in Casey's General Stores, Inc. by 35.3% in Q2, owning 2,148 shares worth $1,096,000. Other institutional investors also adjusted their positions. Casey's stock opened at $570.76 with a market cap of $21.22 billion. The company reported strong Q2 earnings, beating estimates with $5.77 EPS and $4.57 billion in revenue. Analysts have a 'Moderate Buy' rating with a $564.00 average price target.

J.W. Cole Advisors Inc. raised its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 35.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,148 shares of the company's stock after purchasing an additional 561 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Casey's General Stores were worth $1,096,000 at the end of the most recent reporting period.

Casey’s General Stores: Investors Win With CASY at the Bat

A number of other hedge funds and other institutional investors have also made changes to their positions in CASY. Avantax Advisory Services Inc. increased its position in shares of Casey's General Stores by 8.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,017 shares of the company's stock valued at $876,000 after acquiring an additional 165 shares during the period. HB Wealth Management LLC lifted its position in Casey's General Stores by 45.0% during the 1st quarter. HB Wealth Management LLC now owns 918 shares of the company's stock worth $398,000 after acquiring an additional 285 shares during the period. LPL Financial LLC grew its stake in Casey's General Stores by 9.5% during the 1st quarter. LPL Financial LLC now owns 87,023 shares of the company's stock valued at $37,649,000 after purchasing an additional 7,540 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Casey's General Stores in the first quarter valued at about $207,000. Finally, Meeder Advisory Services Inc. acquired a new position in shares of Casey's General Stores in the first quarter valued at about $229,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

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Casey's General Stores Price Performance

NASDAQ:CASY opened at $570.76 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The company has a 50 day moving average price of $547.40 and a 200-day moving average price of $517.76. Casey's General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $573.76. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 36.63 and a beta of 0.66.

MarketBeat Week in Review – 06/09 - 06/13

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating the consensus estimate of $5.02 by $0.75. Casey's General Stores had a net margin of 3.54% and a return on equity of 16.73%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the business earned $4.83 earnings per share. The firm's revenue was up 11.5% on a year-over-year basis. Equities research analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Saturday, November 1st were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, October 31st. Casey's General Stores's payout ratio is currently 14.63%.

Wall Street Analysts Forecast Growth

Casey’s Surges on Strong Q4, More Gains Likely Ahead

A number of equities research analysts recently commented on CASY shares. Wells Fargo & Company started coverage on Casey's General Stores in a report on Wednesday, October 15th. They set an "overweight" rating and a $610.00 target price for the company. BMO Capital Markets lifted their price objective on shares of Casey's General Stores from $515.00 to $540.00 and gave the company a "market perform" rating in a research note on Wednesday, September 10th. Jefferies Financial Group upped their price objective on shares of Casey's General Stores from $575.00 to $600.00 and gave the company a "buy" rating in a report on Tuesday, September 9th. Zacks Research cut shares of Casey's General Stores from a "strong-buy" rating to a "hold" rating in a report on Friday, November 21st. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Casey's General Stores in a research report on Tuesday. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Casey's General Stores has an average rating of "Moderate Buy" and an average price target of $564.00.

Check Out Our Latest Stock Report on CASY

Insiders Place Their Bets

In other Casey's General Stores news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider owned 7,993 shares in the company, valued at approximately $4,439,312.20. This represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.54% of the company's stock.

About Casey's General Stores

(Free Report)

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

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