Casey’s General Stores, Inc. $CASY Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 61.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,572 shares of the company’s stock after purchasing an additional 980 shares during the quarter. GSA Capital Partners LLP’s holdings in Casey’s General Stores were worth $1,454,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its holdings in Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 23 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Casey’s General Stores during the third quarter worth $33,000. Nvwm LLC bought a new position in shares of Casey’s General Stores in the 2nd quarter worth about $32,000. Cornerstone Planning Group LLC boosted its holdings in shares of Casey’s General Stores by 490.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock valued at $34,000 after buying an additional 54 shares during the period. Finally, Rossby Financial LCC grew its position in shares of Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $661.53 on Wednesday. The company has a market capitalization of $24.52 billion, a price-to-earnings ratio of 40.68, a P/E/G ratio of 2.35 and a beta of 0.68. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $678.67. 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’s fifty day simple moving average is $601.13 and its 200-day simple moving average is $560.09.

Casey’s General Stores (NASDAQ:CASY) last posted 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. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. Casey’s General Stores’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.85 EPS. On average, sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Sunday, February 1st were paid a $0.57 dividend. The ex-dividend date was Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is presently 14.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CASY shares. Stephens raised their target price on Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Evercore lifted their price objective on shares of Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 29th. Wells Fargo & Company raised their price target on shares of Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Northcoast Research downgraded Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $615.50.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores 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, for a total transaction of $166,398.00. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores 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.