Dillon & Associates Inc. Grows Stake in Casey’s General Stores, Inc. $CASY

Dillon & Associates Inc. grew its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 25.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,737 shares of the company’s stock after acquiring an additional 5,161 shares during the period. Casey’s General Stores comprises 1.9% of Dillon & Associates Inc.’s investment portfolio, making the stock its 15th biggest position. Dillon & Associates Inc. owned approximately 0.07% of Casey’s General Stores worth $14,541,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CASY. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 29th. Evercore ISI lifted their price target 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. Royal Bank Of Canada raised their target price on Casey’s General Stores from $570.00 to $591.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 10th. Stephens upped their price target on Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $603.40.

Casey’s General Stores Trading Up 3.4%

Shares of CASY opened at $637.37 on Friday. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $641.12. The company has a market capitalization of $23.63 billion, a P/E ratio of 39.20, a P/E/G ratio of 2.18 and a beta of 0.67. 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 firm’s 50 day simple moving average is $561.87 and its 200 day simple moving average is $540.39.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.85 EPS. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

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

Insider Activity

In other news, Director Moats Maria Castanon acquired 300 shares of Casey’s General Stores stock in a transaction dated Monday, January 5th. The shares were purchased at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the transaction, the director owned 803 shares of the company’s stock, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

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.