CenterBook Partners LP Takes $2.29 Million Position in Casey’s General Stores, Inc. $CASY

CenterBook Partners LP acquired a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 4,137 shares of the company’s stock, valued at approximately $2,287,000.

Several other large investors also recently added to or reduced their stakes in CASY. NewEdge Advisors LLC grew its holdings in shares of Casey’s General Stores by 6.4% in the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock valued at $812,000 after purchasing an additional 113 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Casey’s General Stores by 129.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock valued at $81,000 after purchasing an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Casey’s General Stores by 431.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after purchasing an additional 177 shares during the last quarter. Amundi purchased a new stake in shares of Casey’s General Stores in the 2nd quarter valued at approximately $338,000. Finally, Jump Financial LLC increased its holdings in shares of Casey’s General Stores by 42.6% during the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after buying an additional 289 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

More Casey’s General Stores News

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Casey’s reported Q4 earnings of $4.37 per share, easily topping Wall Street estimates of $3.36, while revenue reached $4.57 billion versus consensus of $4.33 billion. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: The company also posted sharp year-over-year growth, with diluted EPS up 66.2% and net income rising 65.5%, reinforcing momentum heading into the next fiscal year. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: Management pointed to strong pizza sales, appetizers, sides, and nonalcoholic beverages as key drivers of the beat, suggesting healthy customer demand and successful product mix. Casey’s General Stores Results Helped by Pizza Sales
• Neutral Sentiment: Several reports today highlighted that analysts had expected a strong quarter and were watching the release closely, so part of the move likely reflects earnings anticipation being resolved. Casey’s Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Negative Sentiment: One headline noted that shares had pulled back into the earnings report, which may indicate some pre-release caution or profit-taking before the beat was announced. Casey’s Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Casey’s General Stores Stock Up 1.3%

Casey’s General Stores stock opened at $761.18 on Wednesday. The company has a market capitalization of $28.13 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey’s General Stores, Inc. has a fifty-two week low of $481.30 and a fifty-two week high of $901.00. The firm has a 50 day moving average price of $790.09 and a 200 day moving average price of $679.24.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the prior year, the firm earned $2.63 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. Research analysts expect that Casey’s General Stores, Inc. will post 18.16 earnings per share for the current year.

Insider Transactions at Casey’s General Stores

In other news, Director Mike Spanos bought 300 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $665.43 per share, with a total value of $199,629.00. Following the purchase, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. The trade was a 7.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. KeyCorp upped their price objective on Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a report on Friday, April 24th. JPMorgan Chase & Co. started coverage on Casey’s General Stores in a research report on Thursday, March 26th. They issued a “neutral” rating and a $719.00 target price on the stock. Royal Bank Of Canada upped their price target on Casey’s General Stores from $662.00 to $713.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th. Jefferies Financial Group increased their price target on Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $745.00 to $910.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $761.36.

Casey’s General Stores 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.