American Century Companies Inc. Buys 2,173 Shares of Casey’s General Stores, Inc. $CASY

American Century Companies Inc. increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,600 shares of the company’s stock after buying an additional 2,173 shares during the quarter. American Century Companies Inc. owned about 0.42% of Casey’s General Stores worth $87,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CASY. NewEdge Advisors LLC lifted its holdings in shares of Casey’s General Stores by 6.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after acquiring an additional 113 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Casey’s General Stores by 129.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after purchasing an additional 105 shares during the last quarter. Assetmark Inc. raised its position in Casey’s General Stores by 5,677.1% in the 2nd quarter. Assetmark Inc. now owns 2,022 shares of the company’s stock worth $1,032,000 after purchasing an additional 1,987 shares during the period. Versor Investments LP bought a new stake in Casey’s General Stores in the second quarter worth about $550,000. Finally, J. W. Coons Advisors LLC boosted its position in shares of Casey’s General Stores by 44.2% during the second quarter. J. W. Coons Advisors LLC now owns 815 shares of the company’s stock valued at $416,000 after buying an additional 250 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $530.00 target price on shares of Casey’s General Stores in a research note on Wednesday, December 10th. Wells Fargo & Company upped their price objective on Casey’s General Stores from $625.00 to $725.00 and gave the company an “overweight” rating in a research report on Monday. Bank of America initiated coverage on Casey’s General Stores in a research note on Friday, January 9th. They issued a “buy” rating on the stock. Northcoast Research lowered shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Finally, Stephens upped their price target on shares of Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $631.00.

Insider Activity

In other news, Director Moats Maria Castanon acquired 300 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the transaction, the director directly owned 803 shares in the company, valued at approximately $445,391.98. This represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by insiders.

Casey’s General Stores Stock Down 1.3%

Shares of NASDAQ CASY opened at $678.22 on Wednesday. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $690.00. The stock’s fifty day simple moving average is $625.80 and its two-hundred day simple moving average is $571.26. The stock has a market capitalization 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. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share 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 during the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the prior year, the business posted $4.85 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS 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. Stockholders of record on Sunday, February 1st were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, January 30th. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.02%.

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.