Casey’s General Stores, Inc. $CASY Shares Acquired by Bayforest Capital Ltd

Bayforest Capital Ltd increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 858.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 163 shares of the company’s stock after acquiring an additional 146 shares during the quarter. Bayforest Capital Ltd’s holdings in Casey’s General Stores were worth $83,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CASY. Summit Securities Group LLC bought a new position in Casey’s General Stores during the 1st quarter worth $32,000. Iron Horse Wealth Management LLC increased its holdings in shares of Casey’s General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock worth $40,000 after acquiring an additional 26 shares during the period. WPG Advisers LLC bought a new stake in Casey’s General Stores in the 1st quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Casey’s General Stores by 242.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after purchasing an additional 68 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Casey’s General Stores during the 1st quarter valued at about $59,000. Institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling at Casey’s General Stores

In other news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $555.40, for a total value of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $567.05 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The business’s 50-day moving average price is $534.08 and its 200 day moving average price is $497.77. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $572.18. The firm has a market cap of $21.08 billion, a P/E ratio of 36.40 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, beating the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. During the same quarter last year, the firm posted $4.83 EPS. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s payout ratio is 14.63%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CASY. Stephens reaffirmed an “overweight” rating and set a $570.00 target price on shares of Casey’s General Stores in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. KeyCorp upped their price objective on shares of Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Wednesday, October 8th. Finally, Evercore ISI boosted their price target on shares of Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $536.10.

About Casey’s General Stores

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.