Thrivent Financial for Lutherans Increases Stake in Casey’s General Stores, Inc. $CASY

Thrivent Financial for Lutherans boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 191,156 shares of the company’s stock after buying an additional 1,950 shares during the quarter. Thrivent Financial for Lutherans owned 0.51% of Casey’s General Stores worth $108,065,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vontobel Holding Ltd. boosted its holdings in Casey’s General Stores by 129.1% in the third quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after purchasing an additional 502,104 shares during the period. Norges Bank acquired a new stake in Casey’s General Stores in the 2nd quarter valued at about $210,151,000. Invesco Ltd. boosted its stake in shares of Casey’s General Stores by 71.7% in the 2nd quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock valued at $246,923,000 after buying an additional 202,033 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Casey’s General Stores by 4,224.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 174,705 shares of the company’s stock valued at $89,147,000 after buying an additional 170,665 shares during the period. Finally, Hennessy Advisors Inc. grew its position in shares of Casey’s General Stores by 361.4% during the third quarter. Hennessy Advisors Inc. now owns 101,500 shares of the company’s stock worth $57,380,000 after buying an additional 79,500 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 0.8%

Casey’s General Stores stock opened at $606.50 on Friday. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $647.99. 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 $22.48 billion, a P/E ratio of 37.30, a PEG ratio of 2.16 and a beta of 0.67. The stock has a 50-day simple moving average of $579.60 and a 200-day simple moving average of $548.69.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm 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 business posted $4.85 EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CASY shares. BNP Paribas Exane began coverage on shares of Casey’s General Stores in a report on Tuesday, January 20th. They issued an “outperform” rating and a $730.00 target price on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $530.00 price objective on shares of Casey’s General Stores in a report on Wednesday, December 10th. Evercore ISI boosted their target price on shares of Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft set a $688.00 target price on Casey’s General Stores in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $624.09.

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.