Hsbc Holdings PLC Purchases 2,219 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Hsbc Holdings PLC boosted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) by 44.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,247 shares of the company’s stock after buying an additional 2,219 shares during the period. Hsbc Holdings PLC’s holdings in Casey’s General Stores were worth $1,996,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. LexAurum Advisors LLC increased its holdings in shares of Casey’s General Stores by 3.1% in the 4th quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock worth $362,000 after buying an additional 40 shares during the last quarter. Raymond James Trust N.A. raised its position in Casey’s General Stores by 5.0% during the fourth quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock valued at $284,000 after purchasing an additional 49 shares during the period. Islay Capital Management LLC lifted its stake in shares of Casey’s General Stores by 0.9% in the 4th quarter. Islay Capital Management LLC now owns 5,238 shares of the company’s stock valued at $1,439,000 after purchasing an additional 49 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of Casey’s General Stores by 3.6% in the 4th quarter. D.A. Davidson & CO. now owns 1,733 shares of the company’s stock worth $476,000 after purchasing an additional 61 shares during the period. Finally, Tributary Capital Management LLC increased its position in shares of Casey’s General Stores by 2.0% during the 4th quarter. Tributary Capital Management LLC now owns 3,198 shares of the company’s stock valued at $879,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CASY shares. Evercore ISI dropped their price objective on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft increased their price target on Casey’s General Stores from $337.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday. Benchmark restated a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 6th. Finally, Northcoast Research lowered Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $324.75.

Check Out Our Latest Stock Report on CASY

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $328.63 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $323.43 and its 200-day moving average price is $299.40. The firm has a market cap of $12.17 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.37 and a beta of 0.83. Casey’s General Stores, Inc. has a 12 month low of $215.17 and a 12 month high of $344.61.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the business posted $2.36 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts expect that Casey’s General Stores, Inc. will post 12.78 earnings per share for the current fiscal year.

Casey’s General Stores Profile

(Free Report)

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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