Casey’s General Stores, Inc. $CASY Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 243.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,950 shares of the company’s stock after buying an additional 3,508 shares during the period. Pacer Advisors Inc.’s holdings in Casey’s General Stores were worth $2,798,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Nvwm LLC acquired a new stake in Casey’s General Stores during the 2nd quarter worth about $32,000. Rossby Financial LCC lifted its holdings in shares of Casey’s General Stores by 580.0% during the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after purchasing an additional 58 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Casey’s General Stores during the second quarter worth about $42,000. Osterweis Capital Management Inc. purchased a new stake in Casey’s General Stores in the second quarter valued at approximately $45,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Casey’s General Stores by 242.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock worth $49,000 after buying an additional 68 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $561.60 on Wednesday. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 34.54 and a beta of 0.65. The stock has a 50-day moving average of $548.26 and a 200 day moving average of $534.33. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a twelve month low of $372.08 and a twelve month high of $575.98.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.Casey’s General Stores’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $4.85 earnings per share. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.02%.

Analyst Ratings Changes

Several analysts have commented on CASY shares. Wells Fargo & Company lifted their price objective on shares of Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Jefferies Financial Group upped their price target on shares of Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. KeyCorp reaffirmed an “overweight” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. BMO Capital Markets boosted their price objective on Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Finally, Stephens upped their target price on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $585.67.

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.