Casey’s General Stores, Inc. $CASY Shares Bought by Rossby Financial LCC

Rossby Financial LCC raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 580.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68 shares of the company’s stock after acquiring an additional 58 shares during the quarter. Rossby Financial LCC’s holdings in Casey’s General Stores were worth $35,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Casey’s General Stores in the first quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in Casey’s General Stores in the second quarter valued at approximately $42,000. Iron Horse Wealth Management LLC grew its position in Casey’s General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after acquiring an additional 26 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Casey’s General Stores by 242.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after acquiring an additional 68 shares in the last quarter. Finally, WPG Advisers LLC acquired a new stake in Casey’s General Stores in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $529.09 on Thursday. The business’s fifty day moving average price is $538.56 and its 200 day moving average price is $504.62. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $572.18. The stock has a market capitalization of $19.67 billion, a PE ratio of 33.96 and a beta of 0.68. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.47 billion. During the same period last year, the business posted $4.83 earnings per share. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, October 31st. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is 14.63%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. KeyCorp increased their target price on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. BMO Capital Markets increased their target price on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research note on Wednesday, September 10th. Jefferies Financial Group increased their target price on Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, September 9th. Wells Fargo & Company assumed coverage on Casey’s General Stores in a research note on Wednesday, October 15th. They set an “overweight” rating and a $610.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $536.60.

Insider Transactions at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares in the company, valued at $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.