Casey’s General Stores, Inc. $CASY Shares Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC raised its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 89.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,919 shares of the company’s stock after buying an additional 906 shares during the quarter. Strategy Asset Managers LLC’s holdings in Casey’s General Stores were worth $1,168,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CASY. Daiichi Life Insurance Co. Ltd. purchased a new position in Casey’s General Stores in the 2nd quarter valued at about $1,222,000. National Pension Service boosted its stake in shares of Casey’s General Stores by 3,138.9% during the 2nd quarter. National Pension Service now owns 67,466 shares of the company’s stock worth $53,621,000 after purchasing an additional 65,383 shares during the last quarter. NEOS Investment Management LLC acquired a new stake in shares of Casey’s General Stores during the 2nd quarter worth about $4,602,000. Burns J W & Co. Inc. NY boosted its stake in shares of Casey’s General Stores by 103.5% during the 1st quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Casey’s General Stores by 52.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,079 shares of the company’s stock worth $12,431,000 after buying an additional 5,846 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $653.61 on Thursday. The company has a market cap of $24.16 billion, a P/E ratio of 31.48, a P/E/G ratio of 2.09 and a beta of 0.59. The business has a fifty day simple moving average of $707.79 and a 200-day simple moving average of $775.24. Casey’s General Stores, Inc. has a 52 week low of $497.38 and a 52 week high of $927.85. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping the consensus estimate of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the prior year, the business posted $5.77 earnings per share. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities research analysts forecast that Casey’s General Stores, Inc. will post 21.43 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 12.52%.

Analyst Ratings Changes

CASY has been the subject of a number of analyst reports. Stephens set a $750.00 price objective on shares of Casey’s General Stores in a research report on Thursday, September 10th. BNP Paribas Exane reduced their price objective on shares of Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Royal Bank Of Canada upgraded shares of Casey’s General Stores from a “sector perform” rating to an “outperform” rating and set a $825.00 target price on the stock in a research report on Thursday. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price on the stock in a research report on Monday, July 13th. Finally, Capital One Financial started coverage on shares of Casey’s General Stores in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 target price for the company. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and an average target price of $835.38.

About Casey’s General Stores

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.