State of Alaska Department of Revenue Boosts Stake in Caseys General Stores, Inc. (CASY)

State of Alaska Department of Revenue increased its stake in Caseys General Stores, Inc. (NASDAQ:CASY) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,562 shares of the company’s stock after buying an additional 151 shares during the period. State of Alaska Department of Revenue’s holdings in Caseys General Stores were worth $274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in Caseys General Stores during the first quarter valued at about $115,000. Engine Capital Management LLC raised its stake in Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock valued at $225,000 after buying an additional 1,762 shares during the last quarter. Neuberger Berman Group LLC acquired a new stake in Caseys General Stores during the first quarter valued at about $275,000. First Bank & Trust raised its stake in Caseys General Stores by 10.7% in the first quarter. First Bank & Trust now owns 2,496 shares of the company’s stock valued at $280,000 after buying an additional 241 shares during the last quarter. Finally, Financial Counselors Inc. acquired a new stake in Caseys General Stores during the first quarter valued at about $281,000. Institutional investors own 98.60% of the company’s stock.

Caseys General Stores, Inc. (NASDAQ CASY) traded up 0.19% during mid-day trading on Friday, hitting $104.38. 53,721 shares of the stock were exchanged. Caseys General Stores, Inc. has a 52 week low of $101.89 and a 52 week high of $135.68. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 23.30 and a beta of 0.48. The company’s 50-day moving average price is $106.04 and its 200 day moving average price is $111.04.

Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, June 5th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $0.09. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same period in the prior year, the firm posted $1.19 earnings per share. Caseys General Stores’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts expect that Caseys General Stores, Inc. will post $4.54 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, July 28th. This is a boost from Caseys General Stores’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. Caseys General Stores’s payout ratio is currently 23.21%.

Several analysts have issued reports on CASY shares. Zacks Investment Research lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Deutsche Bank AG set a $120.00 price target on shares of Caseys General Stores and gave the company a “buy” rating in a research report on Tuesday, June 6th. Jefferies Group LLC restated a “buy” rating and set a $139.00 price target on shares of Caseys General Stores in a research report on Tuesday, June 20th. BMO Capital Markets set a $116.00 price target on shares of Caseys General Stores and gave the company a “hold” rating in a research report on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Caseys General Stores in a research report on Thursday, April 27th. They set a “neutral” rating and a $109.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Caseys General Stores has a consensus rating of “Hold” and an average target price of $116.29.

In related news, SVP John C. Soupene sold 1,000 shares of Caseys General Stores stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total transaction of $106,520.00. Following the completion of the transaction, the senior vice president now directly owns 1,253 shares of the company’s stock, valued at approximately $133,469.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by insiders.

Caseys General Stores Company 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.