Pittenger & Anderson Inc. Purchases 1,169 Shares of Casey’s General Stores, Inc. $CASY

Pittenger & Anderson Inc. lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 27.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,478 shares of the company’s stock after acquiring an additional 1,169 shares during the period. Pittenger & Anderson Inc.’s holdings in Casey’s General Stores were worth $3,097,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Cannon Global Investment Management LLC purchased a new position in Casey’s General Stores in the 3rd quarter worth about $1,018,000. UNIVEST FINANCIAL Corp lifted its position in Casey’s General Stores by 157.2% during the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after purchasing an additional 5,230 shares during the period. Franklin Resources Inc. lifted its position in Casey’s General Stores by 0.3% during the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after purchasing an additional 2,467 shares during the period. West Bancorporation Inc. bought a new stake in Casey’s General Stores in the 2nd quarter worth approximately $278,000. Finally, Corient Private Wealth LLC raised its stake in Casey’s General Stores by 13.8% during the 2nd quarter. Corient Private Wealth LLC now owns 186,357 shares of the company’s stock valued at $95,068,000 after buying an additional 22,581 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 0.6%

CASY stock opened at $611.32 on Friday. The business’s 50-day moving average price is $578.67 and its 200-day moving average price is $547.90. The stock has a market cap of $22.66 billion, a P/E ratio of 37.60, a PEG ratio of 2.17 and a beta of 0.67. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Casey’s General Stores, Inc. has a twelve month low of $372.08 and a twelve month high of $647.99.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter last year, the business earned $4.85 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $2.28 annualized dividend and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Moats Maria Castanon purchased 300 shares of the business’s stock in a transaction on Monday, January 5th. The stock was acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the purchase, the director owned 803 shares of the company’s stock, valued at approximately $445,391.98. This represents a 59.64% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. Evercore ISI lifted their price objective on Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. KeyCorp set a $680.00 price target on shares of Casey’s General Stores in a research report on Monday. Bank of America assumed coverage on shares of Casey’s General Stores in a report on Friday, January 9th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a research report on Thursday, January 8th. One equities 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $624.09.

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.