Banque Transatlantique SA Raises Stake in Casey’s General Stores, Inc. $CASY

Banque Transatlantique SA lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 9.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,579 shares of the company’s stock after purchasing an additional 1,401 shares during the quarter. Banque Transatlantique SA’s holdings in Casey’s General Stores were worth $9,164,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Foster Dykema Cabot & Partners LLC acquired a new position in Casey’s General Stores during the third quarter worth about $25,000. Central Pacific Bank Trust Division lifted its position in shares of Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC boosted its stake in shares of Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. ORG Partners LLC grew its holdings in shares of Casey’s General Stores by 47.6% in the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after acquiring an additional 20 shares during the period. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Casey’s General Stores in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CASY shares. Evercore reaffirmed an “outperform” rating and issued a $990.00 price objective on shares of Casey’s General Stores in a research note on Friday, June 12th. Wolfe Research reissued an “outperform” rating and issued a $1,069.00 target price on shares of Casey’s General Stores in a report on Thursday, June 11th. William Blair assumed coverage on Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating for the company. Stephens set a $975.00 price target on Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. Finally, Morgan Stanley upgraded shares of Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Eleven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $925.25.

Casey’s General Stores Trading Down 1.0%

Shares of Casey’s General Stores stock opened at $842.25 on Friday. Casey’s General Stores, Inc. has a 1 year low of $490.00 and a 1 year high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The business has a 50 day moving average price of $810.32 and a 200 day moving average price of $694.92. The company has a market capitalization of $31.13 billion, a P/E ratio of 43.96, a P/E/G ratio of 2.58 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. Casey’s General Stores’s quarterly revenue was up 14.5% on a year-over-year basis. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 20.9 EPS for the current fiscal year.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio (DPR) is 11.90%.

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.