Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by Dark Forest Capital Management LP

Dark Forest Capital Management LP boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 902 shares of the company’s stock after buying an additional 28 shares during the period. Dark Forest Capital Management LP’s holdings in Casey’s General Stores were worth $357,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Casey’s General Stores during the 4th quarter valued at $236,500,000. Norges Bank acquired a new stake in shares of Casey’s General Stores during the 4th quarter valued at $175,607,000. Wellington Management Group LLP lifted its position in shares of Casey’s General Stores by 160.1% during the 4th quarter. Wellington Management Group LLP now owns 428,201 shares of the company’s stock valued at $169,666,000 after acquiring an additional 263,545 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Casey’s General Stores by 49.9% during the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock valued at $204,861,000 after acquiring an additional 174,586 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Casey’s General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after acquiring an additional 119,350 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. KeyCorp assumed coverage on Casey’s General Stores in a research report on Friday, April 11th. They set an “overweight” rating and a $500.00 price objective for the company. Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. Evercore ISI increased their target price on Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a report on Tuesday, April 1st. Finally, Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $430.33.

Insiders Place Their Bets

In other Casey’s General Stores news, Director Mike Spanos purchased 256 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $390.54 per share, with a total value of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares in the company, valued at $1,310,652.24. This trade represents a 8.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 250 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the sale, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This represents a 9.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Up 0.0 %

NASDAQ CASY opened at $447.34 on Monday. Casey’s General Stores, Inc. has a 1-year low of $313.67 and a 1-year high of $468.88. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $16.60 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The firm’s fifty day simple moving average is $423.31 and its 200-day simple moving average is $413.61.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the business posted $2.33 earnings per share. Casey’s General Stores’s revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Thursday, May 1st. Casey’s General Stores’s payout ratio is 13.94%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.