Consolidated Planning Corp Has $3.06 Million Stock Holdings in Casey's General Stores, Inc. $CASY

Key Points

• Consolidated Planning Corp increased its stake in Casey's General Stores by 11.3%, owning 5,989 shares valued at approximately $3.06 million as of the latest SEC filing.
• Casey’s General Stores reported an earnings per share of $5.77 for the latest quarter, surpassing analysts' expectations by $0.75, with an 11.5% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.57, providing a yield of 0.4%, set to be paid on November 14th to shareholders of record.

Consolidated Planning Corp lifted its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 11.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,989 shares of the company's stock after purchasing an additional 606 shares during the quarter. Consolidated Planning Corp's holdings in Casey's General Stores were worth $3,056,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CASY. Flagship Harbor Advisors LLC boosted its holdings in Casey's General Stores by 4.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company's stock valued at $256,000 after purchasing an additional 23 shares during the period. Sunbelt Securities Inc. boosted its holdings in Casey's General Stores by 1.4% in the 1st quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company's stock valued at $812,000 after purchasing an additional 26 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in Casey's General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock valued at $40,000 after purchasing an additional 26 shares during the period. Menard Financial Group LLC boosted its holdings in Casey's General Stores by 2.1% in the 1st quarter. Menard Financial Group LLC now owns 1,290 shares of the company's stock valued at $603,000 after purchasing an additional 27 shares during the period. Finally, Accurate Wealth Management LLC boosted its holdings in Casey's General Stores by 3.9% in the 2nd quarter. Accurate Wealth Management LLC now owns 727 shares of the company's stock valued at $381,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Trading Down 1.1%

Shares of CASY stock opened at $559.16 on Thursday. Casey's General Stores, Inc. has a 12-month low of $363.00 and a 12-month high of $571.57. The company has a market capitalization of $20.79 billion, a P/E ratio of 35.89 and a beta of 0.68. The firm has a 50-day moving average price of $524.90 and a 200 day moving average price of $485.74. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.02 by $0.75. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.47 billion. Casey's General Stores had a net margin of 3.54% and a return on equity of 16.73%. The firm's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm posted $4.83 EPS. Research analysts forecast that Casey's General Stores, Inc. will post 13.94 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 14th. Shareholders of record on Saturday, November 1st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey's General Stores's dividend payout ratio (DPR) is presently 14.63%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CASY. KeyCorp increased their price target on shares of Casey's General Stores from $550.00 to $575.00 and gave the company an "overweight" rating in a report on Friday, July 25th. The Goldman Sachs Group raised their price objective on shares of Casey's General Stores from $450.00 to $490.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. BMO Capital Markets raised their price objective on shares of Casey's General Stores from $515.00 to $540.00 and gave the stock a "market perform" rating in a report on Wednesday, September 10th. Jefferies Financial Group raised their price objective on shares of Casey's General Stores from $575.00 to $600.00 and gave the stock a "buy" rating in a report on Tuesday, September 9th. Finally, Stephens reaffirmed an "overweight" rating and set a $530.00 price objective on shares of Casey's General Stores in a report on Tuesday, September 9th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Casey's General Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $529.10.

Insiders Place Their Bets

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

Casey's General Stores Company Profile

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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