TD Waterhouse Canada Inc. Has $21.37 Million Stock Position in Casey’s General Stores, Inc. $CASY

TD Waterhouse Canada Inc. lifted its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 66.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,255 shares of the company’s stock after purchasing an additional 10,867 shares during the period. TD Waterhouse Canada Inc. owned 0.07% of Casey’s General Stores worth $21,369,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fiduciary Financial Advisors acquired a new position in Casey’s General Stores during the second quarter worth $26,000. Bell Investment Advisors Inc acquired a new stake in Casey’s General Stores in the second quarter valued at $33,000. Caitlin John LLC bought a new position in shares of Casey’s General Stores in the 2nd quarter valued at about $35,000. Whipplewood Advisors LLC bought a new position in shares of Casey’s General Stores in the 1st quarter valued at about $33,000. Finally, RMG Wealth Management LLC increased its stake in shares of Casey’s General Stores by 250.0% during the 1st quarter. RMG Wealth Management LLC now owns 56 shares of the company’s stock worth $41,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the subject of several recent analyst reports. Stephens set a $975.00 target price on shares of Casey’s General Stores and gave the company an “overweight” rating in a research note on Friday, June 12th. Weiss Ratings downgraded Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada restated a “sector perform” rating and issued a $913.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, July 29th. Wall Street Zen raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price for the company in a research note on Monday, July 13th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $928.53.

Insider Activity at Casey’s General Stores

In other news, insider Chad Frazell sold 3,013 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the transaction, the insider owned 9,823 shares in the company, valued at approximately $7,735,514.27. This trade represents a 23.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen P. Bramlage, Jr. sold 5,700 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $838.16, for a total value of $4,777,512.00. Following the sale, the chief financial officer directly owned 29,677 shares of the company’s stock, valued at approximately $24,874,074.32. The trade was a 16.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 30,243 shares of company stock valued at $24,421,877. Insiders own 0.67% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $756.09 on Friday. The stock has a market cap of $27.98 billion, a PE ratio of 39.46, a P/E/G ratio of 2.60 and a beta of 0.59. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.60 and a current ratio of 1.01. The firm has a 50-day moving average of $827.10 and a 200-day moving average of $784.78. Casey’s General Stores, Inc. has a 52-week low of $497.38 and a 52-week high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. Casey’s General Stores’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.63 EPS. On average, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 21.11 EPS for the current year.

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.