Capital World Investors Purchases 6,562 Shares of Casey’s General Stores, Inc. $CASY

by · The Markets Daily

Capital World Investors raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 425,432 shares of the company’s stock after purchasing an additional 6,562 shares during the quarter. Capital World Investors’ holdings in Casey’s General Stores were worth $235,141,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of Casey’s General Stores during the 4th quarter valued at about $89,000. Vestcor Inc grew its stake in shares of Casey’s General Stores by 81.5% during the 4th quarter. Vestcor Inc now owns 3,112 shares of the company’s stock valued at $1,720,000 after purchasing an additional 1,397 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Casey’s General Stores during the 4th quarter valued at about $707,000. J.W. Cole Advisors Inc. grew its stake in shares of Casey’s General Stores by 8.5% during the 4th quarter. J.W. Cole Advisors Inc. now owns 3,005 shares of the company’s stock valued at $1,661,000 after purchasing an additional 235 shares during the period. Finally, Vise Technologies Inc. grew its stake in shares of Casey’s General Stores by 61.2% during the 4th quarter. Vise Technologies Inc. now owns 1,201 shares of the company’s stock valued at $664,000 after purchasing an additional 456 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider directly owned 4,039 shares in the company, valued at $2,758,798.56. This represents a 4.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the purchase, the director directly owned 4,499 shares in the company, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $751.63 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The business’s 50-day simple moving average is $789.15 and its two-hundred day simple moving average is $677.80. The stock has a market cap of $27.78 billion, a PE ratio of 43.15, a P/E/G ratio of 2.12 and a beta of 0.61. Casey’s General Stores, Inc. has a 52 week low of $433.63 and a 52 week high of $901.00.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. As a group, analysts forecast that Casey’s General Stores, Inc. will post 18.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Evercore restated an “outperform” rating and set a $915.00 price target on shares of Casey’s General Stores in a research note on Monday, May 18th. JPMorgan Chase & Co. began coverage on Casey’s General Stores in a research note on Thursday, March 26th. They set a “neutral” rating and a $719.00 price objective for the company. Jefferies Financial Group boosted their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $700.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $761.36.

View Our Latest Report on Casey’s General Stores

About Casey’s General Stores

(Free Report)

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.

See Also

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