579 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Acquired by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC bought a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 3rd quarter, HoldingsChannel reports. The firm bought 579 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors have also added to or reduced their stakes in CASY. International Assets Investment Management LLC purchased a new stake in Casey’s General Stores during the 3rd quarter valued at $959,880,000. Millennium Management LLC boosted its stake in Casey’s General Stores by 3,846.1% during the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock valued at $65,750,000 after purchasing an additional 176,920 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in Casey’s General Stores by 110.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock valued at $67,609,000 after purchasing an additional 92,813 shares during the last quarter. American Century Companies Inc. boosted its stake in Casey’s General Stores by 189.1% during the 2nd quarter. American Century Companies Inc. now owns 132,375 shares of the company’s stock valued at $50,509,000 after purchasing an additional 86,582 shares during the last quarter. Finally, EULAV Asset Management boosted its stake in Casey’s General Stores by 196.3% during the 3rd quarter. EULAV Asset Management now owns 128,000 shares of the company’s stock valued at $48,091,000 after purchasing an additional 84,800 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CASY shares. Melius Research started coverage on Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 target price on the stock. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their price target on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. cut Casey’s General Stores from a “neutral” rating to an “underweight” rating and increased their price target for the company from $300.00 to $337.00 in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $408.25.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $420.98 on Friday. Casey’s General Stores, Inc. has a one year low of $266.56 and a one year high of $435.60. The stock’s fifty day moving average is $393.24 and its 200 day moving average is $374.74. The stock has a market cap of $15.63 billion, a P/E ratio of 30.64 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $4.52 earnings per share. Sell-side analysts anticipate that Casey’s General Stores, Inc. will post 14.22 earnings per share for the current year.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This trade represents a 24.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos purchased 267 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the acquisition, the director now owns 2,594 shares of the company’s stock, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Casey’s General Stores 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.