GSA Capital Partners LLP Boosts Stake in Casey’s General Stores, Inc. $CASY

GSA Capital Partners LLP boosted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 61.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,572 shares of the company’s stock after buying an additional 980 shares during the quarter. GSA Capital Partners LLP’s holdings in Casey’s General Stores were worth $1,454,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CASY. Vontobel Holding Ltd. boosted its holdings in Casey’s General Stores by 129.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock valued at $503,635,000 after acquiring an additional 502,104 shares during the period. Norges Bank acquired a new stake in shares of Casey’s General Stores during the second quarter worth about $210,151,000. Invesco Ltd. boosted its stake in shares of Casey’s General Stores by 71.7% in the second quarter. Invesco Ltd. now owns 483,907 shares of the company’s stock valued at $246,923,000 after purchasing 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 second 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 purchasing an additional 170,665 shares during the period. Finally, Hennessy Advisors Inc. grew its holdings in shares of Casey’s General Stores by 361.4% in the third quarter. Hennessy Advisors Inc. now owns 101,500 shares of the company’s stock valued at $57,380,000 after purchasing an additional 79,500 shares in the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Down 0.7%

CASY stock opened at $661.53 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $601.13 and its 200 day moving average price is $560.09. Casey’s General Stores, Inc. has a 52 week low of $372.08 and a 52 week high of $678.67. The company has a market cap of $24.52 billion, a P/E ratio of 40.68, a P/E/G ratio of 2.35 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data 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 business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same period in the previous year, the firm earned $4.85 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Insider Activity 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 on Monday, January 5th. The stock was bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the purchase, the director directly owned 803 shares in the company, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on CASY shares. KeyCorp restated an “overweight” rating and set a $700.00 target price on shares of Casey’s General Stores in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on shares of Casey’s General Stores in a report on Thursday, January 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $530.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Bank of America initiated coverage on Casey’s General Stores in a report on Friday, January 9th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company lifted their price target on Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $615.50.

Casey’s General Stores Company 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.