TimesSquare Capital Management LLC Buys Shares of 58,531 Casey’s General Stores, Inc. $CASY

TimesSquare Capital Management LLC bought a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 58,531 shares of the company’s stock, valued at approximately $32,351,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in shares of Casey’s General Stores by 6.4% in the first quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after purchasing an additional 113 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Casey’s General Stores by 129.6% in the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after purchasing an additional 105 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Casey’s General Stores by 431.7% in the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after purchasing an additional 177 shares during the period. Amundi bought a new position in shares of Casey’s General Stores in the second quarter worth $338,000. Finally, Jump Financial LLC increased its holdings in shares of Casey’s General Stores by 42.6% in the second quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after purchasing an additional 289 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 0.4%

Shares of NASDAQ:CASY opened at $855.87 on Tuesday. Casey’s General Stores, Inc. has a 52-week low of $433.16 and a 52-week high of $901.00. The firm has a fifty day moving average of $755.54 and a 200 day moving average of $650.16. The firm has a market capitalization of $31.63 billion, a PE ratio of 49.13, a price-to-earnings-growth ratio of 2.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04.

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, topping the consensus estimate of $2.94 by $0.55. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. As a group, research analysts anticipate that Casey’s General Stores, Inc. will post 18.24 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a $0.57 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s payout ratio is 13.09%.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares in the company, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mike Spanos purchased 300 shares of the business’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CASY. UBS Group upped their price target on shares of Casey’s General Stores from $600.00 to $706.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Wall Street Zen cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Stephens reaffirmed an “overweight” rating and issued a $680.00 price target on shares of Casey’s General Stores in a report on Tuesday, March 10th. Jefferies Financial Group upped their price target on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, KeyCorp upped their price target on shares of Casey’s General Stores from $830.00 to $860.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $737.36.

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.