Casey’s General Stores, Inc. $CASY Shares Acquired by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY boosted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 103.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,448 shares of the company’s stock after purchasing an additional 1,245 shares during the period. Burns J W & Co. Inc. NY’s holdings in Casey’s General Stores were worth $1,782,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC raised its position 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 worth $812,000 after buying an additional 113 shares during the period. Geneos Wealth Management Inc. grew its position 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 valued at $81,000 after acquiring an additional 105 shares during the period. EverSource Wealth Advisors LLC increased its stake in Casey’s General Stores by 431.7% during the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after acquiring an additional 177 shares during the last quarter. Amundi purchased a new position in shares of Casey’s General Stores in the 2nd quarter worth about $338,000. Finally, Jump Financial LLC raised its holdings in shares of Casey’s General Stores by 42.6% in the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after purchasing an additional 289 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Stephens set a $975.00 price target on shares of Casey’s General Stores and gave the company an “overweight” rating in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,000.00 price target on shares of Casey’s General Stores in a research report on Monday, June 15th. Wolfe Research reiterated an “outperform” rating and set a $1,069.00 price objective on shares of Casey’s General Stores in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $923.00.

Casey’s General Stores Price Performance

CASY stock opened at $831.89 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. Casey’s General Stores, Inc. has a 1 year low of $490.00 and a 1 year high of $927.85. The firm has a market cap of $30.75 billion, a P/E ratio of 43.42, a price-to-earnings-growth ratio of 2.52 and a beta of 0.61. The stock has a 50-day simple moving average of $815.33 and a 200-day simple moving average of $700.66.

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 the consensus estimate of $3.31 by $1.06. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The company’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the business posted $2.63 EPS. On average, equities analysts predict that Casey’s General Stores, Inc. will post 20.9 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, July 31st. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 13.57%.

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.