2,111 Shares in Casey’s General Stores, Inc. $CASY Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,111 shares of the company’s stock, valued at approximately $1,077,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Samlyn Capital LLC increased its stake in Casey’s General Stores by 42.8% in the 1st quarter. Samlyn Capital LLC now owns 255,659 shares of the company’s stock worth $110,966,000 after purchasing an additional 76,673 shares in the last quarter. UNIVEST FINANCIAL Corp lifted its stake in Casey’s General Stores by 157.2% during the second quarter. UNIVEST FINANCIAL Corp now owns 8,556 shares of the company’s stock valued at $4,366,000 after buying an additional 5,230 shares in the last quarter. Ground Swell Capital LLC purchased a new stake in Casey’s General Stores during the first quarter valued at about $338,000. Franklin Resources Inc. boosted its holdings in shares of Casey’s General Stores by 0.3% in the second quarter. Franklin Resources Inc. now owns 708,893 shares of the company’s stock worth $361,727,000 after buying an additional 2,467 shares during the period. Finally, West Bancorporation Inc. purchased a new position in shares of Casey’s General Stores in the second quarter worth approximately $278,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the transaction, the insider owned 7,993 shares in the company, valued at $4,439,312.20. The trade was a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is owned by company insiders.

Casey’s General Stores Stock Down 0.1%

CASY stock opened at $566.52 on Tuesday. The company has a 50 day moving average of $549.21 and a two-hundred day moving average of $523.16. The company has a market cap of $21.06 billion, a price-to-earnings ratio of 36.36 and a beta of 0.65. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $573.76. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same period in the prior year, the business posted $4.83 earnings per share. Casey’s General Stores’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CASY shares. The Goldman Sachs Group upped their price target on shares of Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. BMO Capital Markets boosted their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research note on Wednesday, September 10th. Stephens increased their target price on Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, December 3rd. Zacks Research cut Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Finally, Evercore ISI upped their price target on Casey’s General Stores from $585.00 to $610.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $575.78.

About Casey’s General Stores

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.