Bath Savings Trust Co Buys 1,234 Shares of Casey’s General Stores, Inc. $CASY

Bath Savings Trust Co lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,342 shares of the company’s stock after acquiring an additional 1,234 shares during the quarter. Bath Savings Trust Co’s holdings in Casey’s General Stores were worth $5,847,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CASY. Nvwm LLC bought a new stake in Casey’s General Stores in the 2nd quarter worth approximately $32,000. Rossby Financial LCC boosted its stake in shares of Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after buying an additional 58 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Casey’s General Stores in the second quarter worth $42,000. Osterweis Capital Management Inc. purchased a new stake in Casey’s General Stores during the second quarter valued at $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 during the period. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CASY. Stephens raised their target price on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a report on Wednesday, December 10th. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. BMO Capital Markets upped their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Finally, Jefferies Financial Group lifted their price target on shares of Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, September 9th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $585.67.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $547.54 on Friday. The firm’s 50 day simple moving average is $547.38 and its two-hundred day simple moving average is $527.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The company has a market capitalization of $20.30 billion, a P/E ratio of 33.67 and a beta of 0.65. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $573.76.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company’s revenue was up 14.2% on a year-over-year basis. During the same period last year, the firm earned $4.85 EPS. Research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is 14.02%.

Insider Activity

In related news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction that occurred 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 sale, the insider owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

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.