Townsquare Capital LLC Has $1.75 Million Holdings in Casey’s General Stores, Inc. $CASY

Townsquare Capital LLC lowered its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 29.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,098 shares of the company’s stock after selling 1,300 shares during the period. Townsquare Capital LLC’s holdings in Casey’s General Stores were worth $1,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nvwm LLC purchased a new position in shares of Casey’s General Stores during the second quarter valued at approximately $32,000. Rossby Financial LCC boosted its holdings in Casey’s General Stores by 580.0% during the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock worth $35,000 after acquiring an additional 58 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Casey’s General Stores during the 2nd quarter worth $42,000. Osterweis Capital Management Inc. bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth $45,000. Finally, Bogart Wealth LLC raised its holdings in shares of Casey’s General Stores by 388.5% in the third quarter. Bogart Wealth LLC now owns 127 shares of the company’s stock valued at $72,000 after purchasing an additional 101 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Down 0.6%

Shares of NASDAQ CASY opened at $611.32 on Friday. The business’s fifty day moving average price is $578.67 and its 200-day moving average price is $547.90. Casey’s General Stores, Inc. has a one year low of $372.08 and a one year high of $647.99. The stock has a market capitalization of $22.66 billion, a PE ratio of 37.60, a P/E/G ratio of 2.17 and a beta of 0.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a net margin of 3.58% and a return on equity of 16.89%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same period in the prior year, the firm earned $4.85 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Sunday, February 1st will be given a dividend of $0.57 per share. The ex-dividend date is Friday, January 30th. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 14.02%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group restated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. Zacks Research upgraded Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Wells Fargo & Company upped their target price on Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Bank of America began coverage on Casey’s General Stores in a research report on Friday, January 9th. They issued a “buy” rating on the stock. Finally, Stephens upped their price objective on Casey’s General Stores from $570.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Casey’s General Stores has a consensus rating of “Moderate Buy” and an average target price of $624.09.

Insider Activity at Casey’s General Stores

In related news, Director Moats Maria Castanon purchased 300 shares of Casey’s General Stores stock in a transaction dated 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 completion of the transaction, the director owned 803 shares in the company, valued at $445,391.98. This trade represents a 59.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by insiders.

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.