3,821 Shares in Casey’s General Stores, Inc. $CASY Purchased by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,821 shares of the company’s stock, valued at approximately $2,325,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC raised its position in Casey’s General Stores by 2,725.0% in the 3rd quarter. Manchester Capital Management LLC now owns 113 shares of the company’s stock valued at $69,000 after purchasing an additional 109 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Casey’s General Stores by 58.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,651 shares of the company’s stock worth $2,221,000 after purchasing an additional 1,340 shares during the last quarter. Yousif Capital Management LLC grew its position in Casey’s General Stores by 4.2% during the 3rd quarter. Yousif Capital Management LLC now owns 2,638 shares of the company’s stock worth $1,605,000 after purchasing an additional 107 shares during the last quarter. Root Financial Partners LLC purchased a new position in Casey’s General Stores during the 3rd quarter worth $91,000. Finally, Precedent Wealth Partners LLC increased its stake in Casey’s General Stores by 20.1% in the third quarter. Precedent Wealth Partners LLC now owns 644 shares of the company’s stock valued at $392,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $699.26 on Friday. The firm has a market capitalization of $25.84 billion, a PE ratio of 33.68, a P/E/G ratio of 2.26 and a beta of 0.59. The stock’s 50 day moving average is $686.97 and its two-hundred day moving average is $773.16. Casey’s General Stores, Inc. has a twelve month low of $497.38 and a twelve month high of $927.85. The company has a current ratio of 1.02, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 EPS for the quarter, beating the consensus estimate of $6.78 by $0.59. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the firm earned $5.77 EPS. Research analysts anticipate that Casey’s General Stores, Inc. will post 21.61 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey’s General Stores’s dividend payout ratio is currently 12.52%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group set a $750.00 target price on shares of Casey’s General Stores in a report on Wednesday, September 9th. Wells Fargo & Company lowered their price target on Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a report on Wednesday, September 9th. Stephens set a $750.00 price target on Casey’s General Stores in a research report on Thursday, September 10th. JPMorgan Chase & Co. reduced their price objective on Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating for the company in a research note on Thursday, September 3rd. Finally, Evercore reaffirmed an “outperform” rating and set a $775.00 price objective on shares of Casey’s General Stores in a research report on Friday, September 11th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $835.38.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.