Casey’s General Stores, Inc. $CASY Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 57.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,037 shares of the company’s stock after acquiring an additional 6,549 shares during the quarter. Jones Financial Companies Lllp’s holdings in Casey’s General Stores were worth $9,877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. United Community Bank boosted its holdings in Casey’s General Stores by 16.9% in the 3rd quarter. United Community Bank now owns 380 shares of the company’s stock valued at $215,000 after purchasing an additional 55 shares during the last quarter. Meridian Wealth Management LLC increased its holdings in shares of Casey’s General Stores by 10.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 1,461 shares of the company’s stock worth $826,000 after buying an additional 138 shares during the last quarter. UMB Bank n.a. raised its position in shares of Casey’s General Stores by 7.1% during the 3rd quarter. UMB Bank n.a. now owns 2,964 shares of the company’s stock valued at $1,676,000 after buying an additional 197 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Casey’s General Stores by 1.0% in the third quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock valued at $108,065,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Casey’s General Stores by 1.4% in the third quarter. Arizona State Retirement System now owns 10,982 shares of the company’s stock valued at $6,208,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CASY. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. KeyCorp set a $680.00 price objective on shares of Casey’s General Stores in a report on Monday, January 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $530.00 target price on shares of Casey’s General Stores in a research report on Wednesday, December 10th. UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Finally, BNP Paribas Exane began coverage on shares of Casey’s General Stores in a research note on Tuesday, January 20th. They issued an “outperform” rating and a $730.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $624.09.

Casey’s General Stores Price Performance

CASY stock opened at $647.76 on Thursday. The business’s 50-day moving average is $584.35 and its two-hundred day moving average is $551.29. 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 has a market capitalization of $24.01 billion, a P/E ratio of 39.84, a P/E/G ratio of 2.27 and a beta of 0.68. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $658.27.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the previous year, the business posted $4.85 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. Analysts anticipate 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 business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, January 30th. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.02%.

Insiders Place Their Bets

In other news, Director Moats Maria Castanon bought 300 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the transaction, the director owned 803 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by company insiders.

About Casey’s General Stores

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.