Picton Mahoney Asset Management Buys New Holdings in Casey’s General Stores, Inc. $CASY

Picton Mahoney Asset Management purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 775 shares of the company’s stock, valued at approximately $438,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of Casey’s General Stores by 6.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after purchasing an additional 113 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Casey’s General Stores by 129.6% in the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after buying an additional 105 shares during the last quarter. Savant Capital LLC increased its holdings in Casey’s General Stores by 2.6% in the second quarter. Savant Capital LLC now owns 2,230 shares of the company’s stock valued at $1,138,000 after buying an additional 56 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Casey’s General Stores by 7.6% in the second quarter. First Eagle Investment Management LLC now owns 1,421 shares of the company’s stock valued at $725,000 after buying an additional 100 shares in the last quarter. Finally, Nvwm LLC acquired a new stake in Casey’s General Stores in the second quarter valued at $32,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $664.60 on Friday. The company has a fifty day moving average of $632.08 and a two-hundred day moving average of $574.29. The company has a market capitalization of $24.64 billion, a PE ratio of 40.87, a P/E/G ratio of 2.29 and a beta of 0.65. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $690.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last posted 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 business had revenue of $4.51 billion for 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 business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.85 earnings per share. As a group, analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CASY shares. Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research report on Thursday, January 8th. Royal Bank Of Canada reissued a “sector perform” rating and set a $662.00 target price on shares of Casey’s General Stores in a research report on Friday, January 23rd. Wall Street Zen upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Monday, March 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $700.00 price target on shares of Casey’s General Stores in a report on Wednesday. Finally, Evercore set a $665.00 price target on shares of Casey’s General Stores and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $647.00.

Insider Buying and Selling

In other news, Director Moats Maria Castanon purchased 300 shares of the business’s stock in a transaction on Monday, January 5th. The shares were bought 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 represents a 59.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company 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.