Fox Run Management L.L.C. Invests $1.31 Million in Casey’s General Stores, Inc. $CASY

Fox Run Management L.L.C. purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,367 shares of the company’s stock, valued at approximately $1,308,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Casey’s General Stores by 7.4% in the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock worth $420,416,000 after buying an additional 52,250 shares during the period. North Dakota State Investment Board purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $720,000. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Casey’s General Stores in the fourth quarter worth approximately $1,338,000. Advisors Capital Management LLC raised its holdings in shares of Casey’s General Stores by 4.4% in the third quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock worth $27,336,000 after buying an additional 2,026 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of Casey’s General Stores by 61.6% in the third quarter. GSA Capital Partners LLP now owns 2,572 shares of the company’s stock worth $1,454,000 after buying an additional 980 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Casey’s General Stores

In related news, Director Mike Spanos purchased 300 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. The trade was a 7.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

More Casey’s General Stores News

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Casey’s reported Q4 earnings of $4.37 per share, easily topping Wall Street estimates of $3.36, while revenue reached $4.57 billion versus consensus of $4.33 billion. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: The company also posted sharp year-over-year growth, with diluted EPS up 66.2% and net income rising 65.5%, reinforcing momentum heading into the next fiscal year. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: Management pointed to strong pizza sales, appetizers, sides, and nonalcoholic beverages as key drivers of the beat, suggesting healthy customer demand and successful product mix. Casey’s General Stores Results Helped by Pizza Sales
• Neutral Sentiment: Several reports today highlighted that analysts had expected a strong quarter and were watching the release closely, so part of the move likely reflects earnings anticipation being resolved. Casey’s Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Negative Sentiment: One headline noted that shares had pulled back into the earnings report, which may indicate some pre-release caution or profit-taking before the beat was announced. Casey’s Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group increased their price target on Casey’s General Stores from $706.00 to $805.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada increased their price target on Casey’s General Stores from $662.00 to $713.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 10th. William Blair started coverage on Casey’s General Stores in a research report on Wednesday, May 20th. They set an “outperform” rating for the company. Wells Fargo & Company lifted their target price on Casey’s General Stores from $745.00 to $910.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, KeyCorp lifted their target price on Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $761.36.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $761.18 on Wednesday. The firm has a market cap of $28.13 billion, a P/E ratio of 43.70, a P/E/G ratio of 2.09 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. Casey’s General Stores, Inc. has a 12 month low of $481.30 and a 12 month high of $901.00. The stock’s fifty day moving average price is $790.09 and its 200-day moving average price is $679.24.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating the consensus estimate of $3.31 by $1.06. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 earnings per share. On average, equities research analysts expect that Casey’s General Stores, Inc. will post 18.16 earnings per share for the current fiscal year.

About Casey’s General Stores

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.