Park Place Capital Corp Acquires Shares of 81 Casey’s General Stores, Inc. (NASDAQ:CASY)

Park Place Capital Corp acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 81 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of Casey’s General Stores by 7.0% in the 4th quarter. SG Americas Securities LLC now owns 1,214 shares of the company’s stock valued at $334,000 after acquiring an additional 79 shares during the last quarter. Blue Trust Inc. raised its position in Casey’s General Stores by 81.7% in the 4th quarter. Blue Trust Inc. now owns 169 shares of the company’s stock worth $46,000 after purchasing an additional 76 shares during the period. New York State Teachers Retirement System raised its position in Casey’s General Stores by 1.1% in the 4th quarter. New York State Teachers Retirement System now owns 45,685 shares of the company’s stock worth $12,551,000 after purchasing an additional 478 shares during the period. Stratos Wealth Partners LTD. raised its position in Casey’s General Stores by 1.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 12,495 shares of the company’s stock worth $3,433,000 after purchasing an additional 124 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in Casey’s General Stores by 73.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 6,370 shares of the company’s stock worth $1,745,000 after purchasing an additional 2,693 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 0.0 %

CASY traded down $0.15 during trading on Monday, hitting $371.78. The stock had a trading volume of 213,144 shares, compared to its average volume of 288,688. The company has a market capitalization of $13.80 billion, a PE ratio of 27.69, a PEG ratio of 2.81 and a beta of 0.80. Casey’s General Stores, Inc. has a twelve month low of $238.44 and a twelve month high of $401.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87. The stock has a 50 day simple moving average of $365.54 and a two-hundred day simple moving average of $327.23.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.64. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.47 billion. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. Casey’s General Stores’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. On average, research analysts predict that Casey’s General Stores, Inc. will post 14 earnings per share for the current year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.50 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, August 1st. Casey’s General Stores’s payout ratio is presently 14.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CASY shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $393.00 target price on shares of Casey’s General Stores in a research report on Monday, July 29th. Wells Fargo & Company raised their target price on shares of Casey’s General Stores from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Benchmark reaffirmed a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Jefferies Financial Group raised their target price on shares of Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average price target of $410.22.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.