Oppenheimer Asset Management Inc. Grows Stock Holdings in Casey’s General Stores, Inc. $CASY

Oppenheimer Asset Management Inc. lifted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 22.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,048 shares of the company’s stock after purchasing an additional 1,127 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Casey’s General Stores were worth $3,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westside Investment Management Inc. raised its stake in 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. Nvwm LLC purchased a new stake in shares of Casey’s General Stores in the second quarter worth $32,000. Atlantic Union Bankshares Corp bought a new position in shares of Casey’s General Stores during the third quarter valued at $33,000. Cornerstone Planning Group LLC raised its position in shares of Casey’s General Stores by 490.9% in the 3rd quarter. Cornerstone Planning Group LLC now owns 65 shares of the company’s stock worth $34,000 after purchasing an additional 54 shares during the last quarter. Finally, Rossby Financial LCC raised its position in shares of Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Insider Buying and Selling

In other news, Director Moats Maria Castanon bought 300 shares of the stock in a transaction on Monday, January 5th. The shares were bought at an average price of $554.66 per share, with a total value of $166,398.00. Following the completion of the acquisition, the director owned 803 shares in the company, valued at $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $648.79 on Thursday. 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 has a 50 day moving average price of $593.19 and a 200-day moving average price of $555.88. Casey’s General Stores, Inc. has a 52 week low of $372.08 and a 52 week high of $666.28. The firm has a market capitalization of $24.05 billion, a PE ratio of 39.90, a P/E/G ratio of 2.31 and a beta of 0.68.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, topping analysts’ consensus estimates of $4.92 by $0.61. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.85 EPS. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Sunday, February 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, January 30th. Casey’s General Stores’s dividend payout ratio is 14.02%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Evercore increased their price objective on shares of 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. Bank of America assumed coverage on shares of Casey’s General Stores in a research note on Friday, January 9th. They issued a “buy” rating on the stock. Northcoast Research downgraded shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Wall Street Zen cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $613.50.

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.