Casey’s General Stores, Inc. $CASY Shares Purchased by Strategy Asset Managers LLC

Strategy Asset Managers LLC boosted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 89.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,919 shares of the company’s stock after acquiring an additional 906 shares during the quarter. Strategy Asset Managers LLC’s holdings in Casey’s General Stores were worth $1,168,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CASY. BlackRock Inc. purchased a new stake in shares of Casey’s General Stores during the 2nd quarter worth $2,759,895,000. Bank of America Corp DE acquired a new position in shares of Casey’s General Stores during the 2nd quarter worth $281,872,000. Bank of New York Mellon Corp purchased a new position in shares of Casey’s General Stores in the 2nd quarter valued at about $281,011,000. Jupiter Topco LLC purchased a new position in shares of Casey’s General Stores in the 2nd quarter valued at about $246,982,000. Finally, Corient Private Wealth LP purchased a new position in shares of Casey’s General Stores in the 2nd quarter valued at about $164,376,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 1.8%

Casey’s General Stores stock opened at $653.61 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02. The firm has a market capitalization of $24.16 billion, a price-to-earnings ratio of 31.48, a price-to-earnings-growth ratio of 2.09 and a beta of 0.59. Casey’s General Stores, Inc. has a fifty-two week low of $497.38 and a fifty-two week high of $927.85. The stock’s fifty day moving average is $707.79 and its two-hundred day moving average is $775.24.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter last year, the business posted $5.77 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts predict that Casey’s General Stores, Inc. will post 21.43 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Sunday, November 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, October 30th. Casey’s General Stores’s dividend payout ratio (DPR) is 12.52%.

Analyst Upgrades and Downgrades

CASY has been the subject of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of Casey’s General Stores in a research note on Wednesday, September 16th. Northcoast Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price on the stock in a research report on Monday, July 13th. Wells Fargo & Company lowered their target price on shares of Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 9th. KeyCorp dropped their target price on shares of Casey’s General Stores from $970.00 to $780.00 and set an “overweight” rating for the company in a report on Thursday, September 10th. Finally, BMO Capital Markets set a $810.00 price target on shares of Casey’s General Stores in a research report on Thursday, September 10th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and an average target price of $835.38.

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.