Casey’s General Stores, Inc. $CASY Shares Bought by JLB & Associates Inc.

JLB & Associates Inc. lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 51,123 shares of the company’s stock after purchasing an additional 1,667 shares during the period. Casey’s General Stores accounts for about 3.8% of JLB & Associates Inc.’s portfolio, making the stock its 7th largest position. JLB & Associates Inc.’s holdings in Casey’s General Stores were worth $28,256,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Foster Dykema Cabot & Partners LLC acquired a new position in Casey’s General Stores during the third quarter worth about $25,000. Westside Investment Management Inc. increased its holdings in Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after buying an additional 23 shares in the last quarter. Central Pacific Bank Trust Division lifted its position in shares of Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the period. True Wealth Design LLC boosted its stake in shares of Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Casey’s General Stores during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

CASY stock opened at $850.95 on Friday. The stock’s 50 day moving average price is $729.25 and its 200 day moving average price is $634.05. The firm has a market cap of $31.45 billion, a P/E ratio of 48.85, a PEG ratio of 2.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores, Inc. has a 1 year low of $430.00 and a 1 year high of $867.56.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, March 9th. The company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 earnings per share. On average, sell-side analysts expect that Casey’s General Stores, Inc. will post 18.24 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s payout ratio is 13.09%.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos acquired 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the acquisition, the director directly owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the subject of several research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $680.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, March 10th. KeyCorp boosted their target price on Casey’s General Stores from $830.00 to $860.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Jefferies Financial Group raised their price target on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Wells Fargo & Company lifted their price target on Casey’s General Stores from $725.00 to $745.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 10th. Finally, UBS Group increased their price objective on shares of Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $725.09.

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.