Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Park Place Capital Corp

Park Place Capital Corp raised its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 466.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 459 shares of the company’s stock after purchasing an additional 378 shares during the period. Park Place Capital Corp’s holdings in Casey’s General Stores were worth $172,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Casey’s General Stores in the 1st quarter worth $30,000. Advisors Asset Management Inc. acquired a new stake in Casey’s General Stores during the 1st quarter worth approximately $32,000. Innealta Capital LLC acquired a new position in Casey’s General Stores during the second quarter valued at approximately $32,000. V Square Quantitative Management LLC purchased a new stake in Casey’s General Stores during the fourth quarter worth approximately $35,000. Finally, Bank & Trust Co purchased a new stake in Casey’s General Stores during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

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

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group increased their price target on Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft boosted their price target on Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a research report on Thursday, July 11th. Finally, BMO Capital Markets lifted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $407.64.

Casey’s General Stores Stock Up 2.2 %

CASY stock opened at $380.74 on Wednesday. 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 firm’s 50-day simple moving average is $372.65 and its 200 day simple moving average is $353.80. The stock has a market cap of $14.13 billion, a PE ratio of 28.35 and a beta of 0.80. Casey’s General Stores, Inc. has a fifty-two week low of $260.13 and a fifty-two week high of $401.07.

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

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s payout ratio is currently 14.89%.

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.