Frontier Capital Management Co. LLC Buys New Holdings in Casey's General Stores Inc (NASDAQ:CASY)

Frontier Capital Management Co. LLC bought a new stake in shares of Casey's General Stores Inc (NASDAQ:CASY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 90,443 shares of the company’s stock, valued at approximately $10,124,000. Frontier Capital Management Co. LLC owned approximately 0.24% of Casey's General Stores as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Casey's General Stores by 10.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 136,098 shares of the company’s stock worth $14,578,000 after acquiring an additional 13,414 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Casey's General Stores by 1.3% during the 2nd quarter. Prudential Financial Inc. now owns 24,793 shares of the company’s stock valued at $2,656,000 after buying an additional 324 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Casey's General Stores by 0.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after buying an additional 23 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Casey's General Stores by 97.8% during the 2nd quarter. Alliancebernstein L.P. now owns 49,439 shares of the company’s stock valued at $5,295,000 after buying an additional 24,447 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Casey's General Stores by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 82,251 shares of the company’s stock valued at $8,810,000 after buying an additional 4,901 shares in the last quarter. 95.12% of the stock is owned by institutional investors.

Casey's General Stores Inc (NASDAQ:CASY) traded up $1.26 on Wednesday, hitting $113.79. 380,321 shares of the company traded hands, compared to its average volume of 454,143. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 1.23. Casey's General Stores Inc has a 1 year low of $99.76 and a 1 year high of $128.51. The firm has a market cap of $4,230.00, a PE ratio of 27.70, a P/E/G ratio of 1.93 and a beta of 0.51.

Casey's General Stores (NASDAQ:CASY) last posted its earnings results on Monday, December 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.12). Casey's General Stores had a net margin of 2.02% and a return on equity of 13.42%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. analysts forecast that Casey's General Stores Inc will post 4.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, January 31st. Casey's General Stores’s dividend payout ratio is currently 25.49%.

Several equities research analysts have recently commented on CASY shares. BidaskClub upgraded shares of Casey's General Stores from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 6th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Casey's General Stores in a research report on Friday, December 8th. Wells Fargo & Co lifted their price objective on shares of Casey's General Stores from $105.00 to $118.00 and gave the stock a “market perform” rating in a research report on Thursday, January 4th. Raymond James Financial downgraded shares of Casey's General Stores from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research downgraded shares of Casey's General Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $120.78.

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Casey's General Stores Profile

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.

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

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