Thornburg Investment Management Inc. Buys New Position in Casey’s General Stores, Inc. $CASY

Thornburg Investment Management Inc. acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,857 shares of the company’s stock, valued at approximately $5,007,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its holdings in shares of Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after purchasing an additional 23 shares during the period. Nvwm LLC purchased a new stake in shares of Casey’s General Stores in the second quarter worth about $32,000. Atlantic Union Bankshares Corp acquired a new position in Casey’s General Stores in the third quarter valued at approximately $33,000. Cornerstone Planning Group LLC grew its stake in shares of Casey’s General Stores by 490.9% during 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 period. Finally, Rossby Financial LCC increased its holdings in shares of Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CASY shares. The Goldman Sachs Group restated a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a research report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft set a $688.00 price target on Casey’s General Stores in a research note on Thursday, January 8th. KeyCorp reiterated an “overweight” rating and set a $700.00 price target on shares of Casey’s General Stores in a research report on Thursday, February 12th. Zacks Research downgraded Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $662.00 target price on shares of Casey’s General Stores in a research report on Friday, January 23rd. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $621.00.

Casey’s General Stores Stock Up 1.0%

NASDAQ CASY opened at $682.35 on Friday. The business has a fifty day moving average price of $618.76 and a 200 day moving average price of $566.91. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 1.05. The company has a market cap of $25.29 billion, a P/E ratio of 41.96, a P/E/G ratio of 2.39 and a beta of 0.68. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $685.79.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.92 by $0.61. The company had revenue of $4.51 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.85 EPS. Research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Sunday, February 1st were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, January 30th. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

Insider Buying and Selling

In other Casey’s General Stores news, Director Moats Maria Castanon bought 300 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were acquired at an average cost of $554.66 per share, with a total value of $166,398.00. Following the purchase, the director directly owned 803 shares of the company’s stock, valued at $445,391.98. This trade represents a 59.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.54% of the company’s stock.

Casey’s General Stores 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.