PDT Partners LLC purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,452 shares of the company’s stock, valued at approximately $3,538,000.
A number of other hedge funds have also recently bought and sold shares of CASY. Geode Capital Management LLC lifted its holdings in shares of Casey’s General Stores by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after purchasing an additional 52,250 shares during the last quarter. Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $1,222,000. Burns J W & Co. Inc. NY increased its position in Casey’s General Stores by 103.5% in the 1st quarter. Burns J W & Co. Inc. NY now owns 2,448 shares of the company’s stock worth $1,782,000 after purchasing an additional 1,245 shares during the last quarter. North Dakota State Investment Board acquired a new position in Casey’s General Stores in the fourth quarter worth approximately $720,000. Finally, Jackson Creek Investment Advisors LLC bought a new position in shares of Casey’s General Stores during the 4th quarter valued at $1,338,000. 85.63% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Allison M. Wing sold 530 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the sale, the director owned 3,042 shares in the company, valued at approximately $2,547,918.36. This trade represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $800.00, for a total value of $1,600,000.00. Following the completion of the transaction, the insider directly owned 6,668 shares in the company, valued at approximately $5,334,400. This represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,243 shares of company stock worth $24,421,877 in the last three months. Insiders own 0.67% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Report on CASY
Casey’s General Stores Price Performance
Shares of CASY stock opened at $807.12 on Thursday. The business has a fifty day simple moving average of $835.23 and a 200 day simple moving average of $780.78. Casey’s General Stores, Inc. has a twelve month low of $490.00 and a twelve month high of $927.85. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The company has a market cap of $29.87 billion, a P/E ratio of 42.13, a P/E/G ratio of 2.82 and a beta of 0.61.
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the business earned $2.63 earnings per share. Casey’s General Stores’s revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts forecast that Casey’s General Stores, Inc. will post 21.11 EPS for the current fiscal year.
Casey’s General Stores Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Saturday, August 1st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.3%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, July 31st. Casey’s General Stores’s dividend payout ratio is 13.57%.
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.
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