Portside Wealth Group LLC Has $872,000 Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Portside Wealth Group LLC boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 150.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,286 shares of the company’s stock after purchasing an additional 1,373 shares during the period. Portside Wealth Group LLC’s holdings in Casey’s General Stores were worth $872,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CASY. Congress Asset Management Co. MA acquired a new stake in shares of Casey’s General Stores in the first quarter valued at approximately $112,081,000. Steward Partners Investment Advisory LLC raised its position in shares of Casey’s General Stores by 195.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,488 shares of the company’s stock worth $958,000 after acquiring an additional 2,309 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Casey’s General Stores during the fourth quarter valued at $666,000. Kapitalo Investimentos Ltda bought a new position in Casey’s General Stores in the fourth quarter valued at about $903,000. Finally, Azimuth Capital Investment Management LLC bought a new position in Casey’s General Stores in the fourth quarter valued at about $8,498,000. Institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CASY shares. Royal Bank of Canada restated 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. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price for the company in a report on Thursday, July 11th. Jefferies Financial Group increased their price target on Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Wells Fargo & Company lifted their price objective on Casey’s General Stores from $340.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, June 13th. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $410.22.

Casey’s General Stores Trading Up 0.5 %

NASDAQ:CASY traded up $1.87 on Friday, reaching $380.29. The company’s stock had a trading volume of 210,934 shares, compared to its average volume of 284,068. Casey’s General Stores, Inc. has a 1-year low of $238.44 and a 1-year high of $401.07. The business’s 50-day moving average price is $374.06 and its two-hundred day moving average price is $332.89. The firm has a market cap of $14.11 billion, a PE ratio of 28.32, a PEG ratio of 2.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87.

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

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.50 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.53%. Casey’s General Stores’s dividend payout ratio is currently 14.89%.

Casey’s General Stores 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.