Dimensional Fund Advisors LP Has $252.83 Million Stock Holdings in Casey’s General Stores, Inc. $CASY

Dimensional Fund Advisors LP increased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 447,265 shares of the company’s stock after purchasing an additional 8,781 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.20% of Casey’s General Stores worth $252,832,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CASY. Steph & Co. increased its position in Casey’s General Stores by 2.2% during the third quarter. Steph & Co. now owns 819 shares of the company’s stock worth $463,000 after buying an additional 18 shares during the last quarter. LifeWealth Investments LLC lifted its position 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 buying an additional 18 shares during the last quarter. AdvisorNet Financial Inc lifted its position in shares of Casey’s General Stores by 2.8% in the third quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after buying an additional 20 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 21 shares during the period. Finally, Eukles Asset Management boosted its stake in shares of 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 acquiring an additional 21 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on CASY. Wells Fargo & Company increased their price target on Casey’s General Stores from $625.00 to $725.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Northcoast Research downgraded shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. BMO Capital Markets restated a “market perform” rating and set a $700.00 target price on shares of Casey’s General Stores in a research note on Wednesday. Finally, Bank of America initiated coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating for the company. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $647.00.

Casey’s General Stores Trading Down 0.9%

CASY stock opened at $664.60 on Friday. 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 $24.64 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 2.31 and a beta of 0.65. The company’s 50-day simple moving average is $632.08 and its 200 day simple moving average is $573.83. 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 issued 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 business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter in the previous year, the company earned $4.85 EPS. The business’s revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Insider Transactions at Casey’s General Stores

In related news, Director Moats Maria Castanon purchased 300 shares of Casey’s General Stores stock in a transaction that occurred on Monday, January 5th. The shares were acquired at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the transaction, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

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.