8,857 Shares in Casey’s General Stores, Inc. $CASY Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,857 shares of the company’s stock, valued at approximately $5,007,000.

Other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. grew its stake in shares of Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after buying an additional 23 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Casey’s General Stores during the 3rd quarter worth approximately $33,000. Nvwm LLC purchased a new position in Casey’s General Stores during the 2nd quarter valued at $32,000. Cornerstone Planning Group LLC grew its position in Casey’s General Stores by 490.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock valued at $34,000 after acquiring an additional 54 shares during the last quarter. Finally, Rossby Financial LCC increased its stake in Casey’s General Stores by 580.0% in the second quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after purchasing an additional 58 shares during the period. Institutional investors own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research lowered shares of Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday. KeyCorp reissued an “overweight” rating and issued a $700.00 price objective on shares of Casey’s General Stores in a research report on Thursday, February 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $530.00 target price on shares of Casey’s General Stores in a research note on Wednesday, December 10th. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $621.00.

Insider Buying and Selling

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

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $682.35 on Friday. The firm has a market cap of $25.29 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 2.39 and a beta of 0.68. Casey’s General Stores, Inc. has a 52-week low of $372.08 and a 52-week high of $685.79. The company has a quick ratio of 0.65, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $618.76 and its 200 day moving average is $566.91.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $4.85 EPS. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Sunday, February 1st were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, January 30th. Casey’s General Stores’s payout ratio is 14.02%.

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.