DekaBank Deutsche Girozentrale raised its stake in shares of Casey’s Basic Shops, Inc. (NASDAQ:CASY – Free Report) by 15.5% in the course of the third quarter, in accordance with the corporate in its most up-to-date Type 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 8,911 shares of the corporate’s inventory after buying a further 1,194 shares in the course of the interval. DekaBank Deutsche Girozentrale’s holdings in Casey’s Basic Shops had been price $3,321,000 as of its most up-to-date submitting with the Securities and Alternate Fee (SEC).
Different hedge funds and different institutional traders have additionally added to or diminished their stakes within the firm. Susquehanna Elementary Investments LLC bought a brand new stake in Casey’s Basic Shops in the course of the first quarter valued at roughly $794,000. Nordea Funding Administration AB raised its place in Casey’s Basic Shops by 2.0% in the course of the first quarter. Nordea Funding Administration AB now owns 21,919 shares of the corporate’s inventory valued at $6,976,000 after buying a further 437 shares in the course of the interval. Bailard Inc. bought a brand new stake in Casey’s Basic Shops in the course of the second quarter valued at roughly $1,021,000. SG Americas Securities LLC bought a brand new stake in Casey’s Basic Shops in the course of the second quarter valued at roughly $2,183,000. Lastly, Cetera Funding Advisers raised its place in Casey’s Basic Shops by 255.8% in the course of the first quarter. Cetera Funding Advisers now owns 9,291 shares of the corporate’s inventory valued at $2,959,000 after buying a further 6,680 shares in the course of the interval. 85.63% of the inventory is presently owned by hedge funds and different institutional traders.
Casey’s Basic Shops Inventory Down 0.2 %
Shares of NASDAQ:CASY opened at $393.19 on Friday. Casey’s Basic Shops, Inc. has a 52-week low of $266.56 and a 52-week excessive of $401.17. The inventory has a market cap of $14.60 billion, a P/E ratio of 28.62 and a beta of 0.80. The enterprise’s 50 day transferring common is $378.56 and its 200 day transferring common is $362.82. The corporate has a fast ratio of 0.44, a present ratio of 0.84 and a debt-to-equity ratio of 0.44.
Casey’s Basic Shops (NASDAQ:CASY – Get Free Report) final introduced its earnings outcomes on Wednesday, September 4th. The corporate reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.29. The enterprise had income of $4.10 billion for the quarter, in comparison with analysts’ expectations of $4.15 billion. Casey’s Basic Shops had a return on fairness of 17.07% and a web margin of three.40%. The enterprise’s income for the quarter was up 5.9% on a year-over-year foundation. Throughout the identical quarter final yr, the agency earned $4.52 EPS. Promote-side analysts predict that Casey’s Basic Shops, Inc. will publish 14.01 EPS for the present yr.
Casey’s Basic Shops Dividend Announcement
The enterprise additionally lately introduced a quarterly dividend, which can be paid on Friday, November fifteenth. Shareholders of file on Friday, November 1st can be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.51%. Casey’s Basic Shops’s dividend payout ratio (DPR) is presently 14.56%.
Analyst Scores Adjustments
CASY has been the subject of various latest analysis experiences. Melius Analysis initiated protection on Casey’s Basic Shops in a analysis report on Monday, September twenty third. They set a “purchase” score and a $435.00 value goal on the inventory. Northcoast Analysis upgraded Casey’s Basic Shops from a “impartial” score to a “purchase” score and set a $410.00 value goal on the inventory in a report on Thursday, July eleventh. JPMorgan Chase & Co. downgraded Casey’s Basic Shops from a “impartial” score to an “underweight” score and elevated their value goal for the inventory from $300.00 to $337.00 in a report on Thursday, September nineteenth. Royal Financial institution of Canada elevated their value goal on Casey’s Basic Shops from $393.00 to $403.00 and gave the inventory a “sector carry out” score in a report on Thursday, September fifth. Lastly, Wells Fargo & Firm elevated their value goal on Casey’s Basic Shops from $415.00 to $425.00 and gave the inventory an “chubby” score in a report on Friday, September sixth. One funding analyst has rated the inventory with a promote score, two have given a maintain score and 9 have issued a purchase score to the corporate. In line with information from MarketBeat, the corporate has a consensus score of “Reasonable Purchase” and a median goal value of $408.09.
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Insider Shopping for and Promoting at Casey’s Basic Shops
In different Casey’s Basic Shops information, CEO Darren M. Rebelez bought 13,500 shares of the inventory in a transaction on Friday, September sixth. The inventory was bought at a median value of $374.54, for a complete transaction of $5,056,290.00. Following the sale, the chief govt officer now owns 73,838 shares of the corporate’s inventory, valued at roughly $27,655,284.52. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which could be accessed by means of this hyperlink. In different information, CEO Darren M. Rebelez bought 13,500 shares of the agency’s inventory in a transaction on Friday, September sixth. The inventory was bought at a median value of $374.54, for a complete worth of $5,056,290.00. Following the completion of the sale, the chief govt officer now owns 73,838 shares of the corporate’s inventory, valued at $27,655,284.52. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is on the market by means of this hyperlink. Additionally, insider Thomas P. Brennan, Jr. bought 3,000 shares of the agency’s inventory in a transaction on Friday, September sixth. The inventory was bought at a median value of $380.24, for a complete worth of $1,140,720.00. Following the completion of the sale, the insider now straight owns 9,044 shares of the corporate’s inventory, valued at $3,438,890.56. The commerce was a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. Insiders personal 0.56% of the corporate’s inventory.
Casey’s Basic Shops Firm Profile
Casey’s Basic Shops, Inc, along with its subsidiaries, operates comfort shops beneath the Casey’s and Casey’s Basic Retailer names. Its shops supply pizza, donuts, breakfast objects, and sandwiches; and tobacco and nicotine merchandise. The corporate’s shops present tender drinks, vitality, water, sports activities drinks, juices, espresso, and tea and dairy merchandise; beer, wine, and spirits; snacks, sweet, packaged bakery, and different meals objects; ice, ice cream, meals, and appetizers; well being and wonder aids, automotive merchandise, digital equipment, housewares, and pet provides; and ATM, lotto/lottery, and pay as you go playing cards.
Featured Tales
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