Casey’s General Stores, Inc. $CASY Holdings Raised by Riverbridge Partners LLC

Riverbridge Partners LLC boosted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,317 shares of the company’s stock after purchasing an additional 1,093 shares during the period. Riverbridge Partners LLC’s holdings in Casey’s General Stores were worth $9,928,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Renasant Bank increased its holdings in shares of Casey’s General Stores by 7.9% during the 3rd quarter. Renasant Bank now owns 398 shares of the company’s stock worth $242,000 after buying an additional 29 shares during the last quarter. Gen Wealth Partners Inc raised its position in shares of Casey’s General Stores by 3.2% during the 3rd quarter. Gen Wealth Partners Inc now owns 1,367 shares of the company’s stock valued at $832,000 after buying an additional 42 shares during the period. Kestra Investment Management LLC acquired a new position in Casey’s General Stores in the third quarter valued at approximately $214,000. University of Texas Texas AM Investment Management Co. lifted its holdings in Casey’s General Stores by 89.6% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 127 shares of the company’s stock valued at $77,000 after acquiring an additional 60 shares during the last quarter. Finally, Avantax Planning Partners Inc. lifted its holdings in Casey’s General Stores by 0.3% in the third quarter. Avantax Planning Partners Inc. now owns 7,194 shares of the company’s stock valued at $4,377,000 after acquiring an additional 18 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Trading Up 0.9%

Shares of CASY stock opened at $698.48 on Wednesday. Casey’s General Stores, Inc. has a 1-year low of $529.84 and a 1-year high of $927.85. The firm has a market cap of $25.82 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.59. The company has a 50-day moving average of $656.31 and a two-hundred day moving average of $741.71. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.68%. The business’s revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm earned $5.77 EPS. On average, analysts predict that Casey’s General Stores, Inc. will post 21.61 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 12.52%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $933.00 price objective on shares of Casey’s General Stores in a research report on Thursday, September 10th. Stephens set a $750.00 target price on Casey’s General Stores in a research report on Thursday, September 10th. Wall Street Zen downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, September 12th. UBS Group decreased their price target on Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating on the stock in a research note on Thursday, September 10th. Finally, Wells Fargo & Company decreased their price target on Casey’s General Stores from $960.00 to $750.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 9th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $835.38.

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.