2,968 Shares in Casey’s General Stores, Inc. $CASY Acquired by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the third quarter, HoldingsChannel.com reports. The firm bought 2,968 shares of the company’s stock, valued at approximately $1,678,000.

Other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. increased its stake in shares of 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 in the last quarter. Nvwm LLC bought a new position in Casey’s General Stores in the 2nd quarter worth $32,000. Atlantic Union Bankshares Corp purchased a new stake in Casey’s General Stores in the 3rd quarter worth $33,000. Cornerstone Planning Group LLC increased its stake in Casey’s General Stores by 490.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock worth $34,000 after buying an additional 54 shares in the last quarter. Finally, Rossby Financial LCC raised its holdings in Casey’s General Stores by 580.0% during the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CASY shares. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. UBS Group restated a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. Stephens increased their price objective on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Evercore boosted their target price on shares of Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, Wells Fargo & Company raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $615.50.

Insiders Place Their Bets

In related news, Director Moats Maria Castanon acquired 300 shares of the stock in a transaction dated Monday, January 5th. The stock was acquired at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Casey’s General Stores Stock Down 0.6%

NASDAQ CASY opened at $657.68 on Thursday. The stock has a 50 day moving average price of $603.62 and a 200-day moving average price of $560.77. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $678.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The company has a market capitalization of $24.38 billion, a P/E ratio of 40.45, a P/E/G ratio of 2.34 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the prior year, the firm earned $4.85 earnings per share. Casey’s General Stores’s revenue was up 14.2% on a year-over-year basis. As a group, equities analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Sunday, February 1st were given a $0.57 dividend. The ex-dividend date was Friday, January 30th. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.02%.

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.