Scout Investments buys $29,369,076 stake in Casey's General Stores Inc (CASY)

Casey's General Stores Inc (CASY) : Scout Investments scooped up 162,416 additional shares in Casey's General Stores Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 222,493 shares of Casey's General Stores Inc which is valued at $29,369,076.Casey's General Stores Inc makes up approximately 0.78% of Scout Investments’s portfolio.

Other Hedge Funds, Including , Allegis Investment Advisors boosted its stake in CASY in the latest quarter, The investment management firm added 656 additional shares and now holds a total of 9,204 shares of Casey's General Stores Inc which is valued at $1,214,928. Casey's General Stores Inc makes up approx 0.59% of Allegis Investment Advisors’s portfolio.First Trust Advisors Lp reduced its stake in CASY by selling 32,378 shares or 69.79% in the most recent quarter. The Hedge Fund company now holds 14,016 shares of CASY which is valued at $1,870,716. Casey's General Stores Inc makes up approx 0.01% of First Trust Advisors Lp’s portfolio. Jlb Associates Inc added CASY to its portfolio by purchasing 1,894 company shares during the most recent quarter which is valued at $252,868. Casey's General Stores Inc makes up approx 0.07% of Jlb Associates Inc’s portfolio. Davenport Co added CASY to its portfolio by purchasing 1,739 company shares during the most recent quarter which is valued at $228,313.

Casey's General Stores Inc opened for trading at $131.34 and hit $132.59 on the upside on Monday, eventually ending the session at $132.29, with a gain of 0.22% or 0.29 points. The heightened volatility saw the trading volume jump to 3,33,987 shares. Company has a market cap of $5,177 M.

On the company’s financial health, Casey's General Stores Inc reported $1.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jun 6, 2016. Analyst had a consensus of $1.22. The company had revenue of $1582.95 million for the quarter, compared to analysts expectations of $1570.74 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Casey's General Stores Inc. Casey's General Stores Inc was Initiated by BofA/Merrill to “Buy” on Jul 25, 2016. Company shares were Upgraded by Goldman on Jun 29, 2016 to ” Buy”, Firm has raised the Price Target to $ 145 from a previous price target of $123 .

Casey’s General Stores Inc. and its wholly owned subsidiaries operate convenience stores under the name Casey’s General Store in 14 Midwestern states in Iowa Missouri and Illinois. The Company also operates one store selling primarily tobacco products. The stores carry food including freshly prepared foods such as pizza donuts and sandwiches beverages tobacco products health and beauty aids automotive products and other nonfood items. As of April 30 2015 the Company operated 1878 stores. The Company operates a central warehouse Casey’s Distribution Center in Ankeny Iowa through which it supplies grocery and general merchandise items to its stores. The Company’s subsidiary Casey’s Retail Company operates stores in Illinois Kansas Minnesota Nebraska North Dakota and South Dakota. Its subsidiary Casey’s Marketing Company owns and has responsibility for the operation of stores in Arkansas Indiana Iowa Kentucky Missouri Oklahoma Tennessee and Wisconsin.

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