Czech National Bank Invests $8.36 Million in Casey’s General Stores, Inc. $CASY

Czech National Bank acquired a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,520 shares of the company’s stock, valued at approximately $8,361,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CASY. PensionDanmark Pensionsforsikringsaktieselskab acquired a new position in Casey’s General Stores during the 2nd quarter worth $636,000. Assenagon Asset Management S.A. grew its position in shares of Casey’s General Stores by 669.9% in the second quarter. Assenagon Asset Management S.A. now owns 19,562 shares of the company’s stock valued at $15,548,000 after purchasing an additional 17,021 shares during the last quarter. Apella Capital LLC grew its position in shares of Casey’s General Stores by 67.8% in the second quarter. Apella Capital LLC now owns 688 shares of the company’s stock valued at $552,000 after purchasing an additional 278 shares during the last quarter. Emprise Bank bought a new position in shares of Casey’s General Stores in the second quarter worth about $218,000. Finally, Lincoln Capital LLC increased its stake in shares of Casey’s General Stores by 4.0% in the second quarter. Lincoln Capital LLC now owns 366 shares of the company’s stock worth $291,000 after purchasing an additional 14 shares during the period. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CASY. UBS Group increased their target price on Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. KeyCorp lifted their price target on Casey’s General Stores from $950.00 to $970.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,000.00 price target on shares of Casey’s General Stores in a report on Monday, June 15th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $913.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $944.20.

Insider Activity at Casey’s General Stores

In other news, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total transaction of $4,777,512.00. Following the sale, the chief financial officer directly owned 29,677 shares in the company, valued at approximately $24,874,074.32. The trade was a 16.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chad Michael Frazell sold 3,013 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the completion of the transaction, the insider owned 9,823 shares of the company’s stock, valued at $7,735,514.27. The trade was a 23.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,243 shares of company stock worth $24,421,877 in the last three months. Company insiders own 0.67% of the company’s stock.

Casey’s General Stores Stock Up 0.2%

NASDAQ CASY opened at $833.95 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The firm has a 50-day simple moving average of $829.04 and a 200 day simple moving average of $760.26. Casey’s General Stores, Inc. has a twelve month low of $490.00 and a twelve month high of $927.85. The stock has a market cap of $30.86 billion, a PE ratio of 43.53, a PEG ratio of 2.50 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the business earned $2.63 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, research analysts forecast that Casey’s General Stores, Inc. will post 21.14 EPS for the current year.

Casey’s General Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. Casey’s General Stores’s payout ratio is 13.57%.

Casey’s General Stores 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.