BNP Paribas Financial Markets Grows Position in Casey’s General Stores, Inc. $CASY

BNP Paribas Financial Markets raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 39.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,878 shares of the company’s stock after purchasing an additional 4,240 shares during the quarter. BNP Paribas Financial Markets’ holdings in Casey’s General Stores were worth $8,223,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. AdvisorShares Investments LLC raised its holdings in shares of Casey’s General Stores by 4,290.0% in the 4th quarter. AdvisorShares Investments LLC now owns 13,170 shares of the company’s stock worth $7,279,000 after purchasing an additional 12,870 shares during the period. Norges Bank purchased a new stake in shares of Casey’s General Stores during the 4th quarter valued at about $265,163,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Casey’s General Stores during the 4th quarter valued at about $1,111,000. Basepoint Wealth LLC purchased a new stake in shares of Casey’s General Stores during the 4th quarter valued at about $172,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Casey’s General Stores during the 4th quarter valued at about $1,191,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

CASY stock opened at $761.18 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. Casey’s General Stores, Inc. has a 52-week low of $481.30 and a 52-week high of $901.00. The stock’s 50 day moving average is $790.09 and its two-hundred day moving average is $679.24. The company has a market capitalization of $28.13 billion, a PE ratio of 43.70, a P/E/G ratio of 2.09 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $1.06. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period in the previous year, the business earned $2.63 EPS. Casey’s General Stores’s revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts predict that Casey’s General Stores, Inc. will post 18.16 earnings per share for the current fiscal year.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos acquired 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director directly owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores News Roundup

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Casey’s reported Q4 earnings of $4.37 per share, easily topping Wall Street estimates of $3.36, while revenue reached $4.57 billion versus consensus of $4.33 billion. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: The company also posted sharp year-over-year growth, with diluted EPS up 66.2% and net income rising 65.5%, reinforcing momentum heading into the next fiscal year. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: Management pointed to strong pizza sales, appetizers, sides, and nonalcoholic beverages as key drivers of the beat, suggesting healthy customer demand and successful product mix. Casey’s General Stores Results Helped by Pizza Sales
• Neutral Sentiment: Several reports today highlighted that analysts had expected a strong quarter and were watching the release closely, so part of the move likely reflects earnings anticipation being resolved. Casey’s Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Negative Sentiment: One headline noted that shares had pulled back into the earnings report, which may indicate some pre-release caution or profit-taking before the beat was announced. Casey’s Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. William Blair assumed coverage on Casey’s General Stores in a report on Wednesday, May 20th. They set an “outperform” rating on the stock. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Friday, June 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. KeyCorp raised their target price on Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $700.00 target price on shares of Casey’s General Stores in a report on Wednesday, March 4th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $761.36.

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.