Eurizon Capital SGR S.p.A. Invests $1.11 Million in Casey’s General Stores, Inc. $CASY

Eurizon Capital SGR S.p.A. bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,004 shares of the company’s stock, valued at approximately $1,111,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Foster Dykema Cabot & Partners LLC purchased a new stake in Casey’s General Stores in the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. boosted its holdings in shares of Casey’s General Stores by 100.0% in the 3rd 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. True Wealth Design LLC boosted its holdings in shares of Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in 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. Finally, Atlantic Union Bankshares Corp purchased a new stake in Casey’s General Stores during the 3rd quarter valued at about $33,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $754.21 on Wednesday. The company has a market capitalization of $27.88 billion, a PE ratio of 43.30, a price-to-earnings-growth ratio of 2.06 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The business’s fifty day moving average is $782.11 and its 200 day moving average is $669.99. Casey’s General Stores, Inc. has a fifty-two week low of $433.16 and a fifty-two week high of $901.00.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.Casey’s General Stores’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 earnings per share. Sell-side analysts predict that Casey’s General Stores, Inc. will post 18.19 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.09%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the sale, the insider directly owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This trade represents a 4.72% 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 300 shares of the firm’s stock in a transaction on 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 completion of the acquisition, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Royal Bank Of Canada increased their target price on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. William Blair assumed coverage on Casey’s General Stores in a research report on Wednesday, May 20th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. assumed coverage on Casey’s General Stores in a research report on Thursday, March 26th. They set a “neutral” rating and a $719.00 price objective for the company. Evercore reaffirmed an “outperform” rating and set a $915.00 price objective on shares of Casey’s General Stores in a research report on Monday, May 18th. Finally, Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $752.36.

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.