Goldman Sachs Group Inc. Has $260.62 Million Stock Holdings in Casey’s General Stores, Inc. $CASY

Goldman Sachs Group Inc. lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 175.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 471,536 shares of the company’s stock after acquiring an additional 300,249 shares during the period. Goldman Sachs Group Inc.’s holdings in Casey’s General Stores were worth $260,622,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Dynasty Wealth Management LLC raised its position in shares of Casey’s General Stores by 5.8% in the 4th quarter. Dynasty Wealth Management LLC now owns 1,819 shares of the company’s stock valued at $1,005,000 after acquiring an additional 99 shares during the period. Waterloo Capital L.P. raised its position in shares of Casey’s General Stores by 4.7% in the 4th quarter. Waterloo Capital L.P. now owns 3,509 shares of the company’s stock valued at $1,939,000 after acquiring an additional 156 shares during the period. Texas Yale Capital Corp. raised its position in shares of Casey’s General Stores by 5.6% in the 4th quarter. Texas Yale Capital Corp. now owns 3,609 shares of the company’s stock valued at $1,995,000 after acquiring an additional 191 shares during the period. BNP Paribas Financial Markets raised its position in shares of Casey’s General Stores by 39.9% in the 4th quarter. BNP Paribas Financial Markets now owns 14,878 shares of the company’s stock valued at $8,223,000 after acquiring an additional 4,240 shares during the period. Finally, AdvisorShares Investments LLC raised its position in shares of Casey’s General Stores by 4,290.0% in the 4th quarter. AdvisorShares Investments LLC now owns 13,170 shares of the company’s stock valued at $7,279,000 after acquiring an additional 12,870 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CASY. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Stephens reiterated an “overweight” rating and issued a $680.00 price target on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. UBS Group raised their target price on shares of Casey’s General Stores from $706.00 to $805.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. began coverage on shares of Casey’s General Stores in a report on Thursday, March 26th. They set a “neutral” rating and a $719.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $761.36.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the sale, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mike Spanos purchased 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the purchase, the director directly owned 4,499 shares in the company, valued at approximately $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $761.91 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The company has a market capitalization of $28.16 billion, a P/E ratio of 43.74, a price-to-earnings-growth ratio of 2.11 and a beta of 0.61. The company’s 50 day moving average price is $788.35 and its two-hundred day moving average price is $675.39. Casey’s General Stores, Inc. has a 52 week low of $433.63 and a 52 week high of $901.00.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $2.33 EPS. On average, analysts expect that Casey’s General Stores, Inc. will post 18.16 earnings per share for the current fiscal year.

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.