Lombard Odier Asset Management USA Corp Takes $1.08 Million Position in Casey’s General Stores, Inc. $CASY

Lombard Odier Asset Management USA Corp purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,904 shares of the company’s stock, valued at approximately $1,076,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Casey’s General Stores during the 3rd quarter valued at $62,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Casey’s General Stores by 9.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after buying an additional 19 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Casey’s General Stores by 17.8% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 503 shares of the company’s stock valued at $284,000 after buying an additional 76 shares during the period. Lido Advisors LLC increased its stake in shares of Casey’s General Stores by 4.1% during the third quarter. Lido Advisors LLC now owns 9,200 shares of the company’s stock valued at $5,201,000 after buying an additional 360 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Casey’s General Stores by 33.1% in the third quarter. Integrated Wealth Concepts LLC now owns 3,452 shares of the company’s stock valued at $1,952,000 after acquiring an additional 859 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 1.9%

Casey’s General Stores stock opened at $673.27 on Tuesday. Casey’s General Stores, Inc. has a 1-year low of $386.04 and a 1-year high of $696.66. The business has a fifty day moving average price of $645.94 and a 200-day moving average price of $582.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 2.18 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $2.33 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.09%.

Insider Buying and Selling

In related news, Director Moats Maria Castanon bought 300 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was bought at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the sale, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on CASY shares. Northcoast Research lowered shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Stephens reissued an “overweight” rating and issued a $680.00 price target on shares of Casey’s General Stores in a research report on Tuesday, March 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $700.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 4th. The Goldman Sachs Group lifted their target price on Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Finally, Evercore set a $665.00 target price on shares of Casey’s General Stores and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $698.20.

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.