Casey’s General Stores, Inc. $CASY Stake Increased by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,089 shares of the company’s stock after buying an additional 3,059 shares during the period. Casey’s General Stores comprises approximately 0.9% of Benjamin Edwards Inc.’s portfolio, making the stock its 19th biggest position. Benjamin Edwards Inc. owned about 0.36% of Casey’s General Stores worth $75,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Nvwm LLC acquired a new stake in Casey’s General Stores during the 2nd quarter worth about $32,000. Rossby Financial LCC lifted its position in shares of Casey’s General Stores by 580.0% in the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after purchasing an additional 58 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Casey’s General Stores during the second quarter worth approximately $42,000. Osterweis Capital Management Inc. purchased a new position in Casey’s General Stores during the second quarter valued at approximately $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Casey’s General Stores by 242.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Evercore ISI lifted their price objective on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. UBS Group restated a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Finally, BMO Capital Markets lifted their price target on 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. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $585.67.

Casey’s General Stores Stock Up 1.7%

Shares of CASY stock opened at $573.61 on Thursday. The stock’s 50 day simple moving average is $551.40 and its 200 day simple moving average is $536.45. Casey’s General Stores, Inc. has a twelve month low of $372.08 and a twelve month high of $575.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The company has a market capitalization of $21.26 billion, a price-to-earnings ratio of 35.28 and a beta of 0.67.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter last year, the company posted $4.85 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, research analysts predict 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 announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s payout ratio is currently 14.02%.

Insiders Place Their Bets

In other news, Director Moats Maria Castanon purchased 300 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the acquisition, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Casey’s General Stores Profile

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.