Primecap Management Co. CA Has $26.01 Million Stock Holdings in Casey’s General Stores, Inc. $CASY

Primecap Management Co. CA decreased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 21.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,000 shares of the company’s stock after selling 12,900 shares during the quarter. Primecap Management Co. CA’s holdings in Casey’s General Stores were worth $26,005,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. boosted its position in shares of Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 23 shares in the last quarter. Nvwm LLC acquired a new stake in Casey’s General Stores during the 2nd quarter worth $32,000. Atlantic Union Bankshares Corp bought a new position in Casey’s General Stores during the third quarter worth about $33,000. Cornerstone Planning Group LLC grew its stake in Casey’s General Stores by 490.9% in the third quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock valued at $34,000 after acquiring an additional 54 shares during the period. Finally, Osterweis Capital Management Inc. bought a new stake in shares of Casey’s General Stores in the second quarter worth about $45,000. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CASY shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Wells Fargo & Company lifted their price target 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. The Goldman Sachs Group reiterated a “neutral” rating and issued a $530.00 price target on shares of Casey’s General Stores in a report on Wednesday, December 10th. Bank of America initiated coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research note on Thursday, January 8th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average target price of $621.00.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $685.59 on Friday. The firm’s 50 day moving average is $621.30 and its 200-day moving average is $568.09. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $25.41 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 2.41 and a beta of 0.68. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $690.00.

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

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Sunday, February 1st were given a $0.57 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is currently 14.02%.

Insider Transactions at Casey’s General Stores

In related news, Director Moats Maria Castanon purchased 300 shares of Casey’s General Stores stock in a transaction that occurred on Monday, January 5th. The stock was purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the completion of the transaction, the director owned 803 shares of the company’s stock, valued at approximately $445,391.98. This trade represents a 59.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

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.