Gamco Investors INC. ET AL Decreases Stake in Caseys General Stores, Inc. (CASY)

Gamco Investors INC. ET AL trimmed its stake in shares of Caseys General Stores, Inc. (NASDAQ:CASY) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,903 shares of the company’s stock after selling 995 shares during the period. Gamco Investors INC. ET AL owned approximately 0.16% of Caseys General Stores worth $6,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its holdings in shares of Caseys General Stores by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 3,126 shares of the company’s stock valued at $335,000 after purchasing an additional 16 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Caseys General Stores by 0.3% during the second quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock valued at $564,000 after purchasing an additional 18 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Caseys General Stores by 0.9% during the second quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after purchasing an additional 23 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Caseys General Stores by 0.8% during the second quarter. Pacer Advisors Inc. now owns 5,565 shares of the company’s stock valued at $596,000 after purchasing an additional 44 shares during the last quarter. Finally, Wesbanco Bank Inc. raised its holdings in shares of Caseys General Stores by 2.9% during the second quarter. Wesbanco Bank Inc. now owns 3,223 shares of the company’s stock valued at $345,000 after purchasing an additional 91 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

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CASY has been the subject of several research reports. Jefferies Group LLC reissued a “buy” rating and set a $134.00 price objective (down from $139.00) on shares of Caseys General Stores in a report on Thursday, August 31st. Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. BidaskClub cut shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Royal Bank Of Canada set a $116.00 target price on shares of Caseys General Stores and gave the company a “hold” rating in a report on Monday, August 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $115.29.

Shares of Caseys General Stores, Inc. (NASDAQ:CASY) opened at $115.44 on Friday. The company has a market cap of $4,374.83, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 2.47 and a beta of 0.45. Caseys General Stores, Inc. has a twelve month low of $99.76 and a twelve month high of $126.49. The company has a current ratio of 0.99, a quick ratio of 0.48 and a debt-to-equity ratio of 0.91.

Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.46. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. equities research analysts predict that Caseys General Stores, Inc. will post 4.31 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. Caseys General Stores’s payout ratio is currently 24.53%.

In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the completion of the transaction, the senior vice president now directly owns 8,229 shares in the company, valued at $888,814.29. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

About Caseys General Stores

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

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Institutional Ownership by Quarter for Caseys General Stores (NASDAQ:CASY)

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