Bank of New Hampshire Has $3.23 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Bank of New Hampshire raised its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,593 shares of the company’s stock after purchasing an additional 347 shares during the quarter. Bank of New Hampshire’s holdings in Casey’s General Stores were worth $3,228,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. KBC Group NV acquired a new position in shares of Casey’s General Stores in the fourth quarter worth $189,000. Dean Capital Management increased its stake in shares of Casey’s General Stores by 5.9% in the fourth quarter. Dean Capital Management now owns 5,014 shares of the company’s stock worth $1,378,000 after acquiring an additional 279 shares during the last quarter. Rip Road Capital Partners LP increased its stake in shares of Casey’s General Stores by 3.3% in the fourth quarter. Rip Road Capital Partners LP now owns 41,131 shares of the company’s stock worth $11,300,000 after acquiring an additional 1,300 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Casey’s General Stores by 561.7% in the fourth quarter. Point72 Asset Management L.P. now owns 273,168 shares of the company’s stock worth $75,050,000 after acquiring an additional 231,887 shares during the last quarter. Finally, Clarity Asset Management Inc. acquired a new position in shares of Casey’s General Stores in the fourth quarter worth $373,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CASY shares. BMO Capital Markets upped their price target on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research note on Thursday, June 13th. Royal Bank of Canada increased their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. Melius Research began coverage on shares of Casey’s General Stores in a research report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price on the stock. Evercore ISI increased their target price on shares of Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Benchmark reissued a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a research report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $407.64.

Insider Buying and Selling at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mike Spanos purchased 267 shares of Casey’s General Stores stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.47% of the company’s stock.

Casey’s General Stores Trading Up 0.5 %

CASY stock traded up $1.83 during midday trading on Monday, reaching $372.42. The company’s stock had a trading volume of 264,070 shares, compared to its average volume of 277,608. Casey’s General Stores, Inc. has a 52 week low of $260.13 and a 52 week high of $401.07. The stock has a market cap of $13.82 billion, a PE ratio of 27.73 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The business’s 50-day simple moving average is $372.79 and its 200-day simple moving average is $353.34.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the firm earned $4.52 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, sell-side analysts expect that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.54%. Casey’s General Stores’s payout ratio is presently 14.89%.

About Casey’s General Stores

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.