4,452 Shares in Casey’s General Stores, Inc. $CASY Bought by PDT Partners LLC

PDT Partners LLC acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,452 shares of the company’s stock, valued at approximately $3,538,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CASY. Geode Capital Management LLC boosted its position in 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 purchasing an additional 52,250 shares during the last quarter. Daiichi Life Insurance Co. Ltd. purchased a new stake in Casey’s General Stores during the second quarter valued at $1,222,000. Burns J W & Co. Inc. NY increased its stake in Casey’s General Stores by 103.5% during the first quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after acquiring an additional 1,245 shares during the last quarter. North Dakota State Investment Board purchased a new stake in shares of Casey’s General Stores in the fourth quarter valued at $720,000. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in Casey’s General Stores in the fourth quarter worth $1,338,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CASY shares. JPMorgan Chase & Co. lifted their price objective on shares of Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. Stephens set a $975.00 target price on Casey’s General Stores and gave the stock an “overweight” rating in a research note on Friday, June 12th. Wells Fargo & Company lifted their price objective on shares of Casey’s General Stores from $910.00 to $960.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Finally, Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $944.20.

Insider Transactions at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,013 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total value of $2,372,707.37. Following the completion of the sale, the insider directly owned 9,823 shares in the company, valued at approximately $7,735,514.27. This represents a 23.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider directly owned 6,668 shares of the company’s stock, valued at $5,334,400. This trade represents a 23.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,243 shares of company stock worth $24,421,877 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $807.12 on Thursday. Casey’s General Stores, Inc. has a 1-year low of $490.00 and a 1-year high of $927.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. The stock has a fifty day moving average price of $835.23 and a 200 day moving average price of $780.78. The company has a market cap of $29.87 billion, a PE ratio of 42.13, a P/E/G ratio of 2.82 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping the consensus estimate of $3.31 by $1.06. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.63 EPS. Sell-side analysts forecast that Casey’s General Stores, Inc. will post 21.11 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Saturday, August 1st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s dividend payout ratio is currently 13.57%.

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.