Casey’s General Stores, Inc. $CASY Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 57.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,037 shares of the company’s stock after purchasing an additional 6,549 shares during the period. Jones Financial Companies Lllp’s holdings in Casey’s General Stores were worth $9,877,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of Casey’s General Stores by 6.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after buying an additional 113 shares during the period. Geneos Wealth Management Inc. grew its holdings in Casey’s General Stores by 129.6% during the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after acquiring an additional 105 shares during the period. QRG Capital Management Inc. raised its position in Casey’s General Stores by 78.7% in the second quarter. QRG Capital Management Inc. now owns 1,837 shares of the company’s stock worth $937,000 after acquiring an additional 809 shares in the last quarter. Checchi Capital Advisers LLC acquired a new stake in Casey’s General Stores in the second quarter valued at $202,000. Finally, Valmark Advisers Inc. lifted its holdings in Casey’s General Stores by 0.5% in the second quarter. Valmark Advisers Inc. now owns 4,404 shares of the company’s stock valued at $2,247,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the purchase, the director directly owned 803 shares in the company, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Exane BNP Paribas started coverage on shares of Casey’s General Stores in a research note on Tuesday, January 20th. They issued an “outperform” rating for the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $530.00 target price on shares of Casey’s General Stores in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft set a $688.00 price target on shares of Casey’s General Stores in a research report on Thursday, January 8th. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Evercore ISI raised their price objective on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $624.09.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $647.76 on Thursday. The stock has a fifty day moving average price of $584.35 and a 200 day moving average price of $551.29. Casey’s General Stores, Inc. has a 52 week low of $372.08 and a 52 week high of $658.27. The firm has a market capitalization of $24.01 billion, a P/E ratio of 39.84, a PEG ratio of 2.27 and a beta of 0.68. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share (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 company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the previous year, the company earned $4.85 EPS. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

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.