3,925 Shares in Casey’s General Stores, Inc. $CASY Acquired by PEAK6 LLC

PEAK6 LLC acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,925 shares of the company’s stock, valued at approximately $3,119,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Casey’s General Stores by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock worth $420,416,000 after purchasing an additional 52,250 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in Casey’s General Stores by 103.5% during the 1st quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after buying an additional 1,245 shares during the last quarter. North Dakota State Investment Board purchased a new position in Casey’s General Stores during the 4th quarter worth $720,000. Jackson Creek Investment Advisors LLC acquired a new position in Casey’s General Stores during the 4th quarter valued at about $1,338,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in Casey’s General Stores by 52.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 17,079 shares of the company’s stock valued at $12,431,000 after buying an additional 5,846 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY opened at $835.74 on Monday. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average is $837.28 and its two-hundred day moving average is $776.94. The stock has a market cap of $30.93 billion, a PE ratio of 43.62, a price-to-earnings-growth ratio of 2.86 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.63 earnings per share. Research analysts forecast that Casey’s General Stores, Inc. will post 21.11 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

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

Analyst Ratings Changes

CASY has been the subject of several recent analyst reports. Morgan Stanley raised Casey’s General Stores to a “buy” rating in a report on Wednesday, June 10th. Wells Fargo & Company lifted their target price on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Northcoast Research raised shares of Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price on the stock in a research report on Monday, July 13th. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 5th. Finally, Wall Street Zen raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and an average price target of $944.20.

Insider Buying and Selling

In other news, insider Chad Michael Frazell sold 3,013 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total value of $2,372,707.37. Following the completion of the sale, the insider directly owned 9,823 shares in the company, valued at $7,735,514.27. This represents a 23.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $800.00, for a total value of $1,600,000.00. Following the completion of the sale, the insider directly owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. This represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,243 shares of company stock worth $24,421,877 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

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.