Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Oak Thistle LLC

Oak Thistle LLC increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 136.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,608 shares of the company’s stock after acquiring an additional 1,506 shares during the quarter. Oak Thistle LLC’s holdings in Casey’s General Stores were worth $1,033,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Casey’s General Stores by 3.8% during the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after purchasing an additional 38,226 shares during the period. JPMorgan Chase & Co. increased its position in Casey’s General Stores by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock worth $285,090,000 after buying an additional 119,350 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Casey’s General Stores by 1.3% during the third quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock valued at $246,335,000 after acquiring an additional 8,428 shares during the period. Franklin Resources Inc. grew its position in shares of Casey’s General Stores by 49.9% during the third quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after acquiring an additional 174,586 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Casey’s General Stores by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock worth $178,822,000 after acquiring an additional 14,750 shares during the period. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos bought 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the transaction, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares of the company’s stock, valued at $959,761.11. This trade represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Trading Down 0.9 %

Shares of CASY stock opened at $391.30 on Thursday. The stock has a 50-day simple moving average of $409.72 and a 200 day simple moving average of $388.78. The stock has a market capitalization of $14.52 billion, a P/E ratio of 27.27 and a beta of 0.82. Casey’s General Stores, Inc. has a fifty-two week low of $268.07 and a fifty-two week high of $439.68. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.24 EPS. On average, sell-side analysts expect that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 annualized dividend and a yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is 13.94%.

Analyst Ratings Changes

CASY has been the subject of a number of analyst reports. Melius Research initiated coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 target price for the company. JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Gordon Haskett assumed coverage on Casey’s General Stores in a research note on Monday, November 4th. They set a “hold” rating and a $400.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and a consensus price target of $424.00.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.