Syon Capital LLC Purchases 1,506 Shares of Casey’s General Stores, Inc. $CASY

Syon Capital LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 99.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,023 shares of the company’s stock after acquiring an additional 1,506 shares during the quarter. Syon Capital LLC’s holdings in Casey’s General Stores were worth $1,671,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Casey’s General Stores in the 3rd quarter worth $25,000. True Wealth Design LLC grew its stake in shares of Casey’s General Stores by 350.0% in the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Casey’s General Stores in the 3rd quarter worth $33,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of Casey’s General Stores in the 3rd quarter worth $35,000. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CASY. Jefferies Financial Group upped their target price on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Zacks Research raised shares of Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. UBS Group boosted their price target on shares of Casey’s General Stores from $706.00 to $805.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, William Blair started coverage on shares of Casey’s General Stores in a report on Wednesday, May 20th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $761.36.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos acquired 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the acquisition, the director directly owned 4,499 shares in the company, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the sale, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. This trade represents a 4.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by corporate insiders.

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $761.91 on Monday. The company’s 50-day moving average is $788.35 and its 200 day moving average is $676.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The company has a market capitalization of $28.16 billion, a P/E ratio of 43.74, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. Casey’s General Stores, Inc. has a fifty-two week low of $433.63 and a fifty-two week high of $901.00.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.94 by $0.55. The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.33 earnings per share. On average, equities research analysts forecast that Casey’s General Stores, Inc. will post 18.16 earnings per share for the current year.

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.