Landscape Capital Management L.L.C. Takes Position in Casey’s General Stores Inc (NASDAQ:CASY)

Landscape Capital Management L.L.C. acquired a new stake in Casey’s General Stores Inc (NASDAQ:CASY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 46,460 shares of the company’s stock, valued at approximately $7,247,000. Casey’s General Stores comprises about 0.6% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 25th largest position. Landscape Capital Management L.L.C. owned about 0.13% of Casey’s General Stores at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CASY. Acadian Asset Management LLC lifted its holdings in Casey’s General Stores by 130.0% during the second quarter. Acadian Asset Management LLC now owns 15,838 shares of the company’s stock valued at $2,470,000 after purchasing an additional 8,952 shares in the last quarter. Carillon Tower Advisers Inc. lifted its holdings in Casey’s General Stores by 29.1% during the second quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock valued at $129,553,000 after purchasing an additional 187,330 shares in the last quarter. Menta Capital LLC purchased a new position in Casey’s General Stores during the second quarter valued at $1,127,000. Commerce Bank lifted its holdings in Casey’s General Stores by 1.5% during the second quarter. Commerce Bank now owns 6,052 shares of the company’s stock valued at $944,000 after purchasing an additional 87 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. lifted its holdings in Casey’s General Stores by 8.7% during the second quarter. Honkamp Krueger Financial Services Inc. now owns 2,495 shares of the company’s stock valued at $393,000 after purchasing an additional 200 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Brian Joseph Johnson sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $156.48, for a total transaction of $625,920.00. Following the completion of the sale, the senior vice president now directly owns 14,817 shares in the company, valued at $2,318,564.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Terry W. Handley sold 8,106 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $149.67, for a total transaction of $1,213,225.02. The disclosure for this sale can be found here. Insiders sold 35,106 shares of company stock valued at $5,292,595 over the last quarter. Company insiders own 0.41% of the company’s stock.



CASY has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of Casey’s General Stores to $140.00 and gave the company a “market perform” rating in a report on Wednesday, June 12th. BidaskClub downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays increased their price objective on shares of Casey’s General Stores from $123.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. increased their price objective on shares of Casey’s General Stores from $140.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, June 14th. Finally, Deutsche Bank increased their price objective on shares of Casey’s General Stores from $147.00 to $166.00 and gave the company a “buy” rating in a report on Monday, June 17th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $151.90.

Shares of NASDAQ CASY traded down $2.04 during mid-day trading on Wednesday, reaching $164.56. The company’s stock had a trading volume of 8,640 shares, compared to its average volume of 328,457. The business has a 50-day simple moving average of $160.96. The firm has a market cap of $6.21 billion, a PE ratio of 29.82, a P/E/G ratio of 3.20 and a beta of 0.58. The company has a quick ratio of 0.23, a current ratio of 0.69 and a debt-to-equity ratio of 0.91. Casey’s General Stores Inc has a 1-year low of $111.19 and a 1-year high of $169.35.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, June 10th. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.27. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. As a group, equities analysts predict that Casey’s General Stores Inc will post 5.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 31st. Casey’s General Stores’s dividend payout ratio is 23.23%.

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. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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

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