Inspire Investing LLC Makes a New Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)


Inspire Investing LLC bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating ) during the first quarter, HoldingsChannel.com reports. The fund bought 1,188 shares of the company’s stock, valued at approximately $235,000.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Casey’s General Stores by 17.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,320 shares of the company’s stock valued at $853,000 after purchasing an additional 640 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Casey’s General Stores by 1.7% during the 4th quarter. Mutual of America Capital Management LLC now owns 33,181 shares of the company’s stock valued at $6,548,000 after acquiring an additional 539 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Casey’s General Stores by 153.2% in the 4th quarter. Qube Research & Technologies Ltd now owns 60,147 shares of the company’s stock valued at $11,870,000 after acquiring an additional 36,389 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Casey’s General Stores by 200.0% during the 4th quarter. Bank of Montreal Can now owns 72,945 shares of the company’s stock valued at $14,522,000 after acquiring an additional 48,631 shares during the last quarter. Finally, Covestor Ltd purchased a new stake in shares of Casey’s General Stores in the 4th quarter worth about $34,000. 84.44% of the stock is currently owned by institutional investors.

Shares of NASDAQ:CASY opened at $194.05 on Friday. The business has a 50-day moving average of $197.31 and a 200-day moving average of $194.55. The company has a quick ratio of 0.36, a current ratio of 0.80 and a debt-to-equity ratio of 0.74. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 21.35 and a beta of 0.81. Casey’s General Stores, Inc. has a twelve month low of $170.82 and a twelve month high of $216.40.

Casey’s General Stores (NASDAQ:CASY – Get Rating) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.48 by $0.12. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Casey’s General Stores had a return on equity of 15.84% and a net margin of 2.62%. The company’s revenue for the quarter was up 45.4% on a year-over-year basis. In the same quarter last year, the firm reported $1.12 EPS. Analysts expect that Casey’s General Stores, Inc. will post 8.7 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 1st will be given a $0.38 dividend. This is a boost from Casey’s General Stores’ previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, July 29th. This represents a $1.52 annual dividend and a yield of 0.78%. Casey’s General Stores’s dividend payout ratio is 15.40%.

Several analysts have recently issued reports on the company. Royal Bank of Canada cut their target price on Casey’s General Stores from $250.00 to $238.00 in a research note on Wednesday, June 8th. Wells Fargo & Company assumed coverage on Casey’s General Stores in a research note on Wednesday, May 25th. They set an “overweight” rating and a $240.00 target price for the company. StockNews.com assumed coverage on Casey’s General Stores in a research note on Thursday, March 31st. They assign a “buy” rating to the company. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Casey’s General Stores from $259.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, June 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Moderate Buy” and a consensus target price of $242.14, according to MarketBeat .

The Casey’s General Stores profile (Get Rating)

Casey’s General Stores, Inc, together with its subsidiaries, operates stores under the name Casey’s and Casey’s General Store. Its stores offer a selection of foods, including freshly prepared foods such as pizza, donuts and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other non-food items.

See also

Want to see what other hedge funds hold CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider deals for Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating).

Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)



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