Thrivent Financial for Lutherans Boosts Stock Position in Casey’s General Stores, Inc. $CASY

Thrivent Financial for Lutherans raised its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 191,156 shares of the company’s stock after purchasing an additional 1,950 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Casey’s General Stores were worth $108,065,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Nvwm LLC purchased a new position in Casey’s General Stores in the 2nd quarter valued at $32,000. Rossby Financial LCC lifted its stake in shares of Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after acquiring an additional 58 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Casey’s General Stores in the 2nd quarter worth $42,000. Osterweis Capital Management Inc. purchased a new stake in shares of Casey’s General Stores in the second quarter valued at about $45,000. Finally, Bogart Wealth LLC increased its stake in shares of Casey’s General Stores by 388.5% during the third quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock worth $72,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Moats Maria Castanon purchased 300 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the acquisition, the director directly owned 803 shares in the company, valued at $445,391.98. The trade was a 59.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Exane BNP Paribas assumed coverage on Casey’s General Stores in a report on Tuesday, January 20th. They issued an “outperform” rating on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $530.00 price target on shares of Casey’s General Stores in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a report on Thursday, January 8th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $662.00 target price on shares of Casey’s General Stores in a report on Friday, January 23rd. Finally, BNP Paribas Exane initiated coverage on shares of Casey’s General Stores in a research note on Tuesday, January 20th. They set an “outperform” rating and a $730.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and an average price target of $624.09.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $606.50 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The stock has a market cap of $22.48 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 2.16 and a beta of 0.67. The company’s 50-day moving average price is $579.60 and its 200 day moving average price is $548.69. Casey’s General Stores, Inc. has a 52 week low of $372.08 and a 52 week high of $647.99.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period in the prior year, the business earned $4.85 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

Casey’s General Stores Company Profile

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.