Fieldview Capital Management LLC Purchases 3,367 Shares of Casey’s General Stores, Inc. $CASY

Fieldview Capital Management LLC boosted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 92.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,026 shares of the company’s stock after buying an additional 3,367 shares during the period. Fieldview Capital Management LLC’s holdings in Casey’s General Stores were worth $3,972,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its holdings in shares of Casey’s General Stores by 129.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 890,884 shares of the company’s stock worth $503,635,000 after acquiring an additional 502,104 shares in the last quarter. Norges Bank bought a new stake in Casey’s General Stores in the second quarter worth $210,151,000. Victory Capital Management Inc. increased its position in Casey’s General Stores by 35.4% in the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after purchasing an additional 206,777 shares during the last quarter. Invesco Ltd. raised its stake in Casey’s General Stores by 71.7% during 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 in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Casey’s General Stores by 4,224.4% during 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 in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $664.60 on Monday. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $690.00. The company has a market capitalization of $24.63 billion, a PE ratio of 40.87, a P/E/G ratio of 2.29 and a beta of 0.65. The company has a 50 day moving average price of $632.08 and a 200-day moving average price of $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 (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $5.53 EPS 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 net margin of 3.58% and a return on equity of 16.89%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.85 EPS. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Insider Activity

In related 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, for a total transaction of $166,398.00. Following the completion of the acquisition, the director directly owned 803 shares in the company, valued at $445,391.98. The trade was a 59.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CASY shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $662.00 price objective on shares of Casey’s General Stores in a research note on Friday, January 23rd. KeyCorp restated an “overweight” rating and set a $700.00 target price on shares of Casey’s General Stores in a research report on Thursday, February 12th. Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Bank of America began coverage on Casey’s General Stores in a research note on Friday, January 9th. They set a “buy” rating on the stock. Finally, Stephens upped their price objective on Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $647.00.

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.