Campbell & CO Investment Adviser LLC Makes New $900,000 Investment in Casey’s General Stores, Inc. $CASY

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, HoldingsChannel reports. The fund acquired 1,763 shares of the company’s stock, valued at approximately $900,000.

A number of other hedge funds also recently made changes to their positions in the stock. Samlyn Capital LLC boosted its holdings in Casey’s General Stores by 42.8% in the 1st quarter. Samlyn Capital LLC now owns 255,659 shares of the company’s stock worth $110,966,000 after buying an additional 76,673 shares during the period. UNIVEST FINANCIAL Corp lifted its position in shares of Casey’s General Stores by 157.2% in the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after acquiring an additional 5,230 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Casey’s General Stores in the first quarter worth about $338,000. Meridian Wealth Management LLC grew its position in shares of Casey’s General Stores by 71.6% during the first quarter. Meridian Wealth Management LLC now owns 1,215 shares of the company’s stock worth $527,000 after purchasing an additional 507 shares in the last quarter. Finally, West Bancorporation Inc. bought a new stake in Casey’s General Stores during the 2nd quarter valued at approximately $278,000. 85.63% of the stock is currently owned by institutional investors.

Insider Transactions at Casey’s General Stores

In other news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the sale, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This trade represents a 30.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on CASY. Evercore ISI upped their price target on Casey’s General Stores from $580.00 to $585.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Stephens reissued an “overweight” rating and issued a $570.00 target price on shares of Casey’s General Stores in a report on Wednesday, October 8th. Jefferies Financial Group upped their target price on shares of Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Wednesday, October 8th. Finally, KeyCorp boosted their price target on shares of Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $564.00.

Casey’s General Stores Trading Up 0.3%

Shares of CASY opened at $536.66 on Friday. The stock has a market capitalization of $19.95 billion, a PE ratio of 34.45 and a beta of 0.66. The company’s fifty day moving average is $544.72 and its 200 day moving average is $509.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $572.18.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 8th. The company reported $5.77 EPS for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted $4.83 EPS. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Saturday, November 1st will be paid 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, October 31st. Casey’s General Stores’s payout ratio is presently 14.63%.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.