Casey’s General Stores, Inc. $CASY Shares Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC increased its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 22.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,346 shares of the company’s stock after purchasing an additional 1,724 shares during the period. Casey’s General Stores accounts for 0.9% of Creekmur Asset Management LLC’s investment portfolio, making the stock its 21st biggest position. Creekmur Asset Management LLC’s holdings in Casey’s General Stores were worth $5,283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CASY. American Century Companies Inc. increased its stake in Casey’s General Stores by 1.4% during the third quarter. American Century Companies Inc. now owns 154,600 shares of the company’s stock valued at $87,398,000 after purchasing an additional 2,173 shares during the last quarter. R Squared Ltd acquired a new position in shares of Casey’s General Stores in the 3rd quarter valued at about $209,000. Xponance Inc. grew its position in shares of Casey’s General Stores by 0.8% during the 3rd quarter. Xponance Inc. now owns 4,746 shares of the company’s stock valued at $2,683,000 after buying an additional 40 shares during the last quarter. DNB Asset Management AS raised its stake in Casey’s General Stores by 829.8% during the third quarter. DNB Asset Management AS now owns 3,803 shares of the company’s stock worth $2,150,000 after acquiring an additional 3,394 shares during the period. Finally, Choreo LLC lifted its holdings in Casey’s General Stores by 26.8% in the third quarter. Choreo LLC now owns 1,707 shares of the company’s stock worth $965,000 after acquiring an additional 361 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Moats Maria Castanon bought 300 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the purchase, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores Trading Up 0.5%

Shares of CASY stock opened at $685.59 on Friday. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $690.00. The firm has a market capitalization of $25.41 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 2.42 and a beta of 0.68. The stock has a fifty day moving average of $621.30 and a two-hundred day moving average of $568.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.85 earnings per share. As a group, research analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Sunday, February 1st were issued a $0.57 dividend. The ex-dividend date was Friday, January 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is 14.02%.

Analyst Ratings Changes

Several research firms have recently commented on CASY. KeyCorp reaffirmed an “overweight” rating and set a $700.00 target price on shares of Casey’s General Stores in a report on Thursday, February 12th. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Stephens boosted their price target on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Royal Bank Of Canada restated a “sector perform” rating and set a $662.00 price target on shares of Casey’s General Stores in a research report on Friday, January 23rd. Finally, Zacks Research cut shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $621.00.

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.