2,019 Shares of Casey's General Stores, Inc. $CASY Purchased by Fig Financial Advisory Services Inc. ADV

Key Points

• Fig Financial Advisory Services purchased 2,019 Casey’s General Stores shares worth approximately $1.23 million in the third quarter. Institutional investors collectively own 85.63% of the company.
• Analysts maintain a generally positive outlook, with 15 Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $840.69, despite several recent target reductions.
• Casey’s reported quarterly EPS of $7.37, exceeding estimates, while revenue rose 24.3% year over year to $5.68 billion. The company also declared a quarterly dividend of $0.65 per share, representing a 0.4% yield.

Fig Financial Advisory Services Inc. ADV purchased a new stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,019 shares of the company's stock, valued at approximately $1,229,000.

Several other institutional investors have also added to or reduced their stakes in CASY. Daiichi Life Insurance Co. Ltd. acquired a new stake in Casey's General Stores during the 2nd quarter worth about $1,222,000. National Pension Service increased its holdings in shares of Casey's General Stores by 3,138.9% in the second quarter. National Pension Service now owns 67,466 shares of the company's stock valued at $53,621,000 after purchasing an additional 65,383 shares during the period. Burns J W & Co. Inc. NY raised its stake in shares of Casey's General Stores by 103.5% in the first quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company's stock worth $1,782,000 after purchasing an additional 1,245 shares during the last quarter. NEOS Investment Management LLC purchased a new position in shares of Casey's General Stores in the second quarter worth about $4,602,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Casey's General Stores by 52.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,079 shares of the company's stock worth $12,431,000 after purchasing an additional 5,846 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CASY. Wells Fargo & Company dropped their target price on Casey's General Stores from $960.00 to $750.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 9th. BMO Capital Markets set a $810.00 price target on shares of Casey's General Stores in a research report on Thursday, September 10th. KeyCorp decreased their price objective on shares of Casey's General Stores from $970.00 to $780.00 and set an "overweight" rating for the company in a research note on Thursday, September 10th. BNP Paribas Exane decreased their price objective on shares of Casey's General Stores from $1,032.00 to $995.00 and set an "outperform" rating for the company in a research note on Thursday, June 25th. Finally, Evercore reaffirmed an "outperform" rating and issued a $775.00 price objective on shares of Casey's General Stores in a report on Friday, September 11th. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $840.69.

Casey's General Stores Stock Up 2.0%

Shares of CASY opened at $633.25 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57. Casey's General Stores, Inc. has a 12 month low of $497.38 and a 12 month high of $927.85. The stock's 50 day moving average is $729.25 and its two-hundred day moving average is $776.80. The firm has a market cap of $23.40 billion, a P/E ratio of 30.50, a PEG ratio of 2.02 and a beta of 0.59.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating analysts' consensus estimates of $6.78 by $0.59. Casey's General Stores had a return on equity of 19.68% and a net margin of 4.14%.The business had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.56 billion. During the same period in the previous year, the business earned $5.77 earnings per share. The business's revenue was up 24.3% compared to the same quarter last year. Analysts predict that Casey's General Stores, Inc. will post 21.43 earnings per share 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 13th. Shareholders of record on Sunday, November 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey's General Stores's dividend payout ratio (DPR) is presently 12.52%.

About Casey's General Stores

Casey’s General Stores, Inc NASDAQ: CASY is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.

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