Barclays PLC Has $89.95 Million Position in Casey’s General Stores, Inc. $CASY

Barclays PLC raised its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 717.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,106 shares of the company’s stock after purchasing an additional 139,647 shares during the quarter. Barclays PLC owned 0.43% of Casey’s General Stores worth $89,946,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CASY. Westside Investment Management Inc. raised its holdings in Casey’s General Stores by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after buying an additional 23 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Casey’s General Stores during the 3rd quarter worth approximately $33,000. Cornerstone Planning Group LLC grew its holdings in Casey’s General Stores by 490.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock worth $34,000 after acquiring an additional 54 shares during the last quarter. Osterweis Capital Management Inc. bought a new stake in Casey’s General Stores during the 2nd quarter worth approximately $45,000. Finally, Rossby Financial LCC increased its position in Casey’s General Stores by 32.4% in the 3rd quarter. Rossby Financial LCC now owns 90 shares of the company’s stock valued at $50,000 after acquiring an additional 22 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CASY has been the subject of several analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $700.00 target price on shares of Casey’s General Stores in a research report on Wednesday. Northcoast Research downgraded Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Finally, Bank of America assumed coverage on Casey’s General Stores in a research report on Friday, January 9th. They issued a “buy” rating on the stock. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $647.00.

Insider Buying and Selling

In other Casey’s General Stores news, Director Moats Maria Castanon acquired 300 shares of the stock in a transaction dated Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the transaction, the director owned 803 shares in the company, valued at approximately $445,391.98. The trade was a 59.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Down 0.9%

Shares of NASDAQ CASY opened at $664.60 on Monday. The company’s 50 day moving average price is $632.08 and its 200-day moving average price is $574.72. 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, Inc. has a 52-week low of $372.08 and a 52-week high of $690.00. The company has a market capitalization of $24.63 billion, a P/E ratio of 40.87, a price-to-earnings-growth ratio of 2.29 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share 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 period in the prior year, the company posted $4.85 earnings per share. Casey’s General Stores’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

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.