DNB Asset Management AS Has $2.15 Million Stock Holdings in Casey’s General Stores, Inc. $CASY

DNB Asset Management AS increased its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 829.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,803 shares of the company’s stock after buying an additional 3,394 shares during the period. DNB Asset Management AS’s holdings in Casey’s General Stores were worth $2,150,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CASY. Steph & Co. raised its stake in shares of Casey’s General Stores by 2.2% in the third quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after acquiring an additional 18 shares during the last quarter. LifeWealth Investments LLC increased its holdings in shares of Casey’s General Stores by 2.1% in the third quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock valued at $485,000 after purchasing an additional 18 shares in the last quarter. AdvisorNet Financial Inc raised its position in Casey’s General Stores by 2.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock worth $409,000 after purchasing an additional 20 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Casey’s General Stores by 0.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company’s stock worth $2,116,000 after buying an additional 21 shares in the last quarter. Finally, Eukles Asset Management lifted its holdings in Casey’s General Stores by 0.5% during the 3rd quarter. Eukles Asset Management now owns 4,253 shares of the company’s stock worth $2,404,000 after buying an additional 21 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CASY. KeyCorp restated an “overweight” rating and set a $700.00 target price on shares of Casey’s General Stores in a research report on Thursday, February 12th. UBS Group reissued a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, December 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $662.00 price target on shares of Casey’s General Stores in a research note on Friday, January 23rd. Finally, Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $631.00.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was acquired 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Trading Down 1.3%

CASY opened at $678.22 on Wednesday. The firm’s fifty day moving average is $625.80 and its two-hundred day moving average is $571.26. The firm has a market cap of $25.14 billion, a PE ratio of 41.71, a price-to-earnings-growth ratio of 2.43 and a beta of 0.65. Casey’s General Stores, Inc. has a twelve month low of $372.08 and a twelve month high of $690.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.92 by $0.61. The company had revenue of $4.51 billion during 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 firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.85 EPS. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Sunday, February 1st were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.02%.

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.