Pecaut & CO. Buys 900 Shares of Casey’s General Stores, Inc. $CASY

Pecaut & CO. increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 63.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,325 shares of the company’s stock after acquiring an additional 900 shares during the period. Pecaut & CO.’s holdings in Casey’s General Stores were worth $1,314,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Nvwm LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth approximately $32,000. Rossby Financial LCC boosted its stake in Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after purchasing an additional 58 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Casey’s General Stores in the 2nd quarter worth approximately $42,000. Osterweis Capital Management Inc. purchased a new stake in shares of Casey’s General Stores during the second quarter valued at $45,000. Finally, Bogart Wealth LLC raised its holdings in shares of Casey’s General Stores by 388.5% during the third quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock valued at $72,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CASY. Royal Bank Of Canada reissued a “sector perform” rating and issued a $662.00 target price on shares of Casey’s General Stores in a report on Friday. UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Exane BNP Paribas started coverage on shares of Casey’s General Stores in a report on Tuesday, January 20th. They issued an “outperform” rating for the company. Evercore ISI increased their price target on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, BNP Paribas Exane initiated coverage on Casey’s General Stores in a report on Tuesday, January 20th. They issued an “outperform” rating and a $730.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $624.09.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $617.04 on Wednesday. The company has a market cap of $22.87 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 2.18 and a beta of 0.67. The company’s 50 day moving average is $576.30 and its 200 day moving average is $546.98. Casey’s General Stores, Inc. has a twelve month low of $372.08 and a twelve month high of $647.99. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62.

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

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s payout ratio is 14.02%.

Insider Activity

In other news, Director Moats Maria Castanon purchased 300 shares of the company’s stock in a transaction dated 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 purchase, the director directly owned 803 shares in the company, valued at approximately $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 at the SEC website. Corporate insiders own 0.54% of the company’s stock.

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.