TrinityBridge Ltd Purchases 40,350 Shares of Casey’s General Stores, Inc. $CASY

TrinityBridge Ltd acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the third quarter, Holdings Channel reports. The firm acquired 40,350 shares of the company’s stock, valued at approximately $24,559,000.

Other large investors also recently added to or reduced their stakes in the company. Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Casey’s General Stores in the 2nd quarter valued at about $1,222,000. National Pension Service boosted its position in shares of Casey’s General Stores by 3,138.9% during the 2nd quarter. National Pension Service now owns 67,466 shares of the company’s stock valued at $53,621,000 after acquiring an additional 65,383 shares during the last quarter. NEOS Investment Management LLC bought a new stake in shares of Casey’s General Stores during the 2nd quarter valued at about $4,602,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Casey’s General Stores by 52.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,079 shares of the company’s stock worth $12,431,000 after purchasing an additional 5,846 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Casey’s General Stores during the second quarter worth about $15,114,000. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective 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. Stephens set a $750.00 target price on shares of Casey’s General Stores in a research report on Thursday, September 10th. Wall Street Zen cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Monday, October 19th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $835.38.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $665.39 on Wednesday. The stock has a market cap of $24.59 billion, a price-to-earnings ratio of 32.05, a P/E/G ratio of 2.16 and a beta of 0.59. The company has a current ratio of 1.02, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57. Casey’s General Stores, Inc. has a 1-year low of $511.32 and a 1-year high of $927.85. The stock’s 50-day moving average is $665.52 and its 200 day moving average is $740.30.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.78 by $0.59. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.56 billion. Casey’s General Stores had a return on equity of 19.68% and a net margin of 4.14%. Casey’s General Stores’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.77 EPS. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 21.61 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Casey’s General Stores Company 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.