Casey’s General Stores, Inc. $CASY Stake Boosted by JLB & Associates Inc.

JLB & Associates Inc. grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,456 shares of the company’s stock after purchasing an additional 2,659 shares during the period. Casey’s General Stores makes up about 3.7% of JLB & Associates Inc.’s portfolio, making the stock its 7th biggest holding. JLB & Associates Inc.’s holdings in Casey’s General Stores were worth $27,958,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nvwm LLC acquired a new position in Casey’s General Stores during the 2nd quarter valued at about $32,000. Rossby Financial LCC increased its holdings in shares of Casey’s General Stores by 580.0% during the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Casey’s General Stores during the second quarter valued at about $42,000. Osterweis Capital Management Inc. purchased a new position in shares of Casey’s General Stores in the 2nd quarter valued at approximately $45,000. Finally, Bogart Wealth LLC boosted its stake in Casey’s General Stores by 388.5% in the 3rd quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock worth $72,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a research note on Wednesday, December 10th. Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. 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. Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, BNP Paribas Exane initiated coverage on Casey’s General Stores in a research note on Tuesday. They set an “outperform” rating and a $730.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $614.91.

Insider Activity at Casey’s General Stores

In other news, Director Moats Maria Castanon bought 300 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the acquisition, the director directly owned 803 shares in the company, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $618.81 on Friday. The firm’s fifty day moving average is $571.60 and its two-hundred day moving average is $544.54. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.21 and a beta of 0.67. 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, Inc. has a one year low of $372.08 and a one year high of $647.99.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating 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 business had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.51 billion. During the same quarter last year, the business posted $4.85 EPS. The company’s revenue was up 14.2% on a year-over-year basis. Research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, January 30th. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

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.