1,104 Shares in Casey’s General Stores, Inc. $CASY Acquired by Foresight Global Investors Inc.

Foresight Global Investors Inc. purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 3rd quarter, Holdings Channel reports. The firm purchased 1,104 shares of the company’s stock, valued at approximately $624,000. Casey’s General Stores accounts for about 0.4% of Foresight Global Investors Inc.’s investment portfolio, making the stock its 14th biggest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its position in shares of Casey’s General Stores by 717.6% in the third quarter. Barclays PLC now owns 159,106 shares of the company’s stock worth $89,946,000 after buying an additional 139,647 shares during the period. Islay Capital Management LLC boosted its holdings in Casey’s General Stores by 35.8% in the 3rd quarter. Islay Capital Management LLC now owns 6,254 shares of the company’s stock worth $3,536,000 after acquiring an additional 1,648 shares during the period. Orion Porfolio Solutions LLC grew its position in Casey’s General Stores by 0.7% in the third quarter. Orion Porfolio Solutions LLC now owns 20,770 shares of the company’s stock valued at $11,742,000 after acquiring an additional 149 shares in the last quarter. NewSquare Capital LLC raised its stake in shares of Casey’s General Stores by 1.6% during the third quarter. NewSquare Capital LLC now owns 14,244 shares of the company’s stock valued at $8,052,000 after purchasing an additional 223 shares during the period. Finally, Ames National Corp acquired a new position in shares of Casey’s General Stores during the third quarter worth $678,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 1.9%

NASDAQ:CASY opened at $670.62 on Friday. 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 company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 2.35 and a beta of 0.65. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $690.00. The stock has a 50-day simple moving average of $630.16 and a 200 day simple moving average of $572.73.

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. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.Casey’s General Stores’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.85 EPS. Sell-side analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon acquired 300 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the acquisition, the director directly owned 803 shares in the company, valued at $445,391.98. This trade represents a 59.64% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CASY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Stephens lifted their target price on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Evercore set a $665.00 price target on Casey’s General Stores and gave the company an “outperform” rating in a report on Tuesday, February 24th. Bank of America assumed coverage on Casey’s General Stores in a report on Friday, January 9th. They set a “buy” rating on the stock. Finally, Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average price target of $647.00.

About Casey’s General Stores

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.