Virtu Financial LLC Acquires New Shares in Casey’s General Stores, Inc. (NASDAQ:CASY)

Virtu Financial LLC bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, HoldingsChannel reports. The firm bought 6,363 shares of the company’s stock, valued at approximately $2,428,000.

A number of other institutional investors have also added to or reduced their stakes in CASY. Rise Advisors LLC bought a new position in shares of Casey’s General Stores during the first quarter valued at approximately $30,000. Park Place Capital Corp purchased a new stake in Casey’s General Stores during the second quarter worth $31,000. Advisors Asset Management Inc. bought a new stake in Casey’s General Stores during the 1st quarter valued at $32,000. Innealta Capital LLC purchased a new position in shares of Casey’s General Stores in the 2nd quarter valued at $32,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Casey’s General Stores in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 1.4 %

NASDAQ:CASY opened at $375.31 on Wednesday. The company has a market capitalization of $13.93 billion, a P/E ratio of 27.95, a PEG ratio of 2.58 and a beta of 0.80. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a 12 month low of $260.13 and a 12 month high of $401.07. The firm has a fifty day simple moving average of $374.20 and a 200-day simple moving average of $346.15.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.52 EPS. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.15 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.53%. Casey’s General Stores’s dividend payout ratio is currently 14.89%.

Insider Buying and Selling

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Evercore ISI raised their price objective on Casey’s General Stores from $410.00 to $435.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Casey’s General Stores from $298.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. BMO Capital Markets increased their target price on shares of Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. Finally, Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $401.20.

About Casey’s General Stores

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.