TD Waterhouse Canada Inc. Acquires 1,597 Shares of Casey’s General Stores, Inc. $CASY

TD Waterhouse Canada Inc. increased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 502.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,915 shares of the company’s stock after buying an additional 1,597 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Casey’s General Stores were worth $1,058,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CASY. Victory Capital Management Inc. lifted its position in shares of Casey’s General Stores by 35.4% during the 3rd quarter. Victory Capital Management Inc. now owns 791,415 shares of the company’s stock worth $447,403,000 after buying an additional 206,777 shares during the last quarter. Barclays PLC lifted its position in shares of Casey’s General Stores by 717.6% during the 3rd quarter. Barclays PLC now owns 159,106 shares of the company’s stock worth $89,946,000 after buying an additional 139,647 shares during the last quarter. Squarepoint Ops LLC raised its position in Casey’s General Stores by 146.4% in the third quarter. Squarepoint Ops LLC now owns 157,119 shares of the company’s stock valued at $88,823,000 after purchasing an additional 93,366 shares during the last quarter. Hennessy Advisors Inc. raised its position in Casey’s General Stores by 361.4% in the third quarter. Hennessy Advisors Inc. now owns 101,500 shares of the company’s stock valued at $57,380,000 after purchasing an additional 79,500 shares during the last quarter. Finally, Holocene Advisors LP raised its position in Casey’s General Stores by 98.2% in the second quarter. Holocene Advisors LP now owns 150,075 shares of the company’s stock valued at $76,579,000 after purchasing an additional 74,371 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CASY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft set a $688.00 target price on Casey’s General Stores in a research report on Thursday, January 8th. KeyCorp increased their target price on Casey’s General Stores from $730.00 to $830.00 and gave the company an “overweight” rating in a research report on Monday. Jefferies Financial Group increased their target price on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. The Goldman Sachs Group increased their target price on Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Finally, Bank of America initiated coverage on Casey’s General Stores in a research report on Friday, January 9th. They issued a “buy” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $722.36.

Casey’s General Stores Price Performance

Casey’s General Stores stock opened at $789.82 on Friday. The company has a market capitalization of $29.19 billion, a PE ratio of 45.34, a P/E/G ratio of 2.55 and a beta of 0.61. The stock has a 50-day moving average price of $704.66 and a two-hundred day moving average price of $618.52. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. Casey’s General Stores, Inc. has a 12 month low of $430.00 and a 12 month high of $798.46.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.55. The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.33 earnings per share. Analysts expect that Casey’s General Stores, Inc. will post 18.1 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 13.09%.

Insider Activity

In other news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. This represents a 4.72% 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, Director Mike Spanos purchased 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $665.43 per share, with a total value of $199,629.00. Following the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate 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.