Soros Capital Management LLC Has $10.38 Million Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Soros Capital Management LLC raised its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1,825.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 27,632 shares of the company’s stock after purchasing an additional 26,197 shares during the period. Casey’s General Stores accounts for about 2.5% of Soros Capital Management LLC’s holdings, making the stock its 17th biggest position. Soros Capital Management LLC’s holdings in Casey’s General Stores were worth $10,382,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CASY. Advisors Asset Management Inc. acquired a new stake in shares of Casey’s General Stores during the 1st quarter valued at $32,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Casey’s General Stores by 9.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 174,421 shares of the company’s stock valued at $55,546,000 after purchasing an additional 15,535 shares during the last quarter. Motley Fool Asset Management LLC acquired a new stake in shares of Casey’s General Stores in the 1st quarter valued at $246,000. Tidal Investments LLC acquired a new stake in shares of Casey’s General Stores in the 1st quarter valued at $214,000. Finally, Cetera Investment Advisers lifted its stake in shares of Casey’s General Stores by 255.8% in the 1st quarter. Cetera Investment Advisers now owns 9,291 shares of the company’s stock valued at $2,959,000 after purchasing an additional 6,680 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $426.49 on Wednesday. The firm’s 50-day moving average is $391.26 and its 200-day moving average is $373.78. Casey’s General Stores, Inc. has a 52-week low of $266.56 and a 52-week high of $435.60. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 31.04 and a beta of 0.79.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.52 EPS. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.22 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.50 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. Casey’s General Stores’s payout ratio is currently 14.56%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Gordon Haskett assumed coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price objective for the company. Benchmark reaffirmed a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Royal Bank of Canada boosted their target price on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, Melius Research began coverage on shares of Casey’s General Stores in a research report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $408.25.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 267 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $376.18 per share, with a total value of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares in the company, valued at $975,810.92. The trade was a 11.47 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. The trade was a 24.91 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.