Casey’s General Stores, Inc. $CASY Shares Bought by Vestcor Inc

Vestcor Inc grew its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 81.5% in the fourth quarter, HoldingsChannel reports. The fund owned 3,112 shares of the company’s stock after buying an additional 1,397 shares during the period. Vestcor Inc’s holdings in Casey’s General Stores were worth $1,720,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cibc World Market Inc. boosted its position in Casey’s General Stores by 0.3% during the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock worth $2,839,000 after acquiring an additional 16 shares during the period. FSB Premier Wealth Management Inc. boosted its position in Casey’s General Stores by 0.8% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock worth $1,292,000 after acquiring an additional 18 shares during the period. Central Pacific Bank Trust Division lifted its holdings in shares of Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after buying an additional 19 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Casey’s General Stores by 9.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock valued at $128,000 after buying an additional 19 shares during the period. Finally, ORG Partners LLC lifted its holdings in shares of Casey’s General Stores by 47.6% in the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $761.91 on Monday. The business has a 50 day moving average price of $788.35 and a 200 day moving average price of $676.37. Casey’s General Stores, Inc. has a twelve month low of $433.63 and a twelve month high of $901.00. The company has a market cap of $28.16 billion, a price-to-earnings ratio of 43.74, a PEG ratio of 2.12 and a beta of 0.61. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The firm had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company earned $2.33 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts predict that Casey’s General Stores, Inc. will post 18.16 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 300 shares of Casey’s General Stores stock in a transaction on Friday, March 13th. The stock was bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the transaction, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Katrina S. Lindsey sold 200 shares of the firm’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 sale, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Evercore reaffirmed an “outperform” rating and issued a $915.00 target price on shares of Casey’s General Stores in a research report on Monday, May 18th. JPMorgan Chase & Co. assumed coverage on Casey’s General Stores in a research report on Thursday, March 26th. They issued a “neutral” rating and a $719.00 target price on the stock. Finally, Stephens reiterated an “overweight” rating and set a $680.00 price target on shares of Casey’s General Stores in a research note on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $761.36.

About Casey’s General Stores

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.