Cookson Peirce & Co. Inc. Purchases New Stake in Casey’s General Stores, Inc. $CASY

Cookson Peirce & Co. Inc. acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,214 shares of the company’s stock, valued at approximately $10,862,000. Cookson Peirce & Co. Inc. owned approximately 0.05% of Casey’s General Stores as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. increased its holdings in shares of Casey’s General Stores by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after purchasing an additional 23 shares in the last quarter. Nvwm LLC acquired a new position in Casey’s General Stores during the second quarter worth about $32,000. Atlantic Union Bankshares Corp purchased a new position in Casey’s General Stores in the third quarter valued at about $33,000. Cornerstone Planning Group LLC lifted its position in shares of Casey’s General Stores by 490.9% during the 3rd quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock valued at $34,000 after acquiring an additional 54 shares during the period. Finally, Rossby Financial LCC lifted its position in shares of Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $663.88 on Friday. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $678.67. The firm has a market cap of $24.61 billion, a price-to-earnings ratio of 40.83, a price-to-earnings-growth ratio of 2.29 and a beta of 0.68. The company’s 50-day moving average is $595.21 and its two-hundred day moving average is $556.63. 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 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 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 company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.85 earnings per share. 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 firm also recently declared 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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, January 30th. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

Analyst Ratings Changes

Several research firms recently weighed in on CASY. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research note on Thursday, January 8th. Wells Fargo & Company raised their price target on Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. UBS Group reiterated a “neutral” rating on shares of Casey’s General Stores in a research report on Thursday, December 11th. Evercore raised their target price on shares of 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, Wall Street Zen cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $615.50.

Insider Activity

In other Casey’s General Stores news, Director Moats Maria Castanon acquired 300 shares of the 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 completion of the transaction, the director directly owned 803 shares in the company, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

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.