Ames National Corp Invests $678,000 in Casey’s General Stores, Inc. $CASY

Ames National Corp acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,200 shares of the company’s stock, valued at approximately $678,000.

A number of other large investors have also recently bought and sold shares of CASY. Westside Investment Management Inc. grew its holdings in shares of Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after purchasing an additional 23 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Casey’s General Stores during the 3rd quarter valued at approximately $33,000. Nvwm LLC bought a new position in Casey’s General Stores during the 2nd quarter worth $32,000. Cornerstone Planning Group LLC increased its position in Casey’s General Stores by 490.9% in the third quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock worth $34,000 after buying an additional 54 shares during the period. Finally, Osterweis Capital Management Inc. acquired a new stake in Casey’s General Stores in the second quarter worth $45,000. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CASY shares. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a 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, Bank of America began coverage on Casey’s General Stores in a research report on Friday, January 9th. They issued a “buy” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average price target of $647.00.

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 stock in a transaction dated Monday, January 5th. The shares were bought at an average price of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. This trade represents a 59.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Up 0.8%

Shares of CASY stock opened at $683.89 on Thursday. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year 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. The business’s fifty day moving average is $628.11 and its 200-day moving average is $572.05. The stock has a market cap of $25.35 billion, a PE ratio of 42.06, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating the consensus estimate of $4.92 by $0.61. The business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.85 earnings per share. Equities analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

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.