Oppenheimer Asset Management Inc. Raises Position in Casey’s General Stores, Inc. $CASY

Oppenheimer Asset Management Inc. raised its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 22.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,048 shares of the company’s stock after buying an additional 1,127 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Casey’s General Stores were worth $3,419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CASY. Cannon Global Investment Management LLC purchased a new stake in shares of Casey’s General Stores during the third quarter valued at approximately $1,018,000. UNIVEST FINANCIAL Corp raised its holdings in Casey’s General Stores by 157.2% during the 2nd quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after buying an additional 5,230 shares during the last quarter. Franklin Resources Inc. boosted its position in Casey’s General Stores by 0.3% during the 2nd quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock valued at $361,727,000 after buying an additional 2,467 shares during the period. Thrivent Financial for Lutherans grew its holdings in Casey’s General Stores by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock worth $108,065,000 after acquiring an additional 1,950 shares during the last quarter. Finally, AE Wealth Management LLC grew its holdings in Casey’s General Stores by 82.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock worth $1,456,000 after acquiring an additional 1,162 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CASY shares. Stephens upped their price objective on shares of Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Northcoast Research lowered Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Bank of America began coverage on Casey’s General Stores in a research note on Friday, January 9th. They set a “buy” rating on the stock. Finally, UBS Group restated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and a consensus target price of $613.50.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $648.79 on Thursday. Casey’s General Stores, Inc. has a fifty-two week low of $372.08 and a fifty-two week high of $666.28. The stock’s 50 day simple moving average is $593.19 and its two-hundred day simple moving average is $555.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 2.31 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. The company had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.85 EPS. As a group, analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, January 30th. Casey’s General Stores’s payout ratio is 14.02%.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon bought 300 shares of Casey’s General Stores stock in a transaction dated Monday, January 5th. The shares were purchased at an average cost of $554.66 per share, with a total value of $166,398.00. Following the transaction, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

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.