Barclays PLC Buys 11,802 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Barclays PLC boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 110.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,487 shares of the company’s stock after acquiring an additional 11,802 shares during the quarter. Barclays PLC owned 0.06% of Casey’s General Stores worth $8,450,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Casey’s General Stores by 227.1% during the second quarter. Blue Trust Inc. now owns 350 shares of the company’s stock worth $134,000 after buying an additional 243 shares during the period. Nisa Investment Advisors LLC boosted its position in Casey’s General Stores by 6.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,871 shares of the company’s stock worth $5,293,000 after acquiring an additional 889 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Casey’s General Stores by 18.6% during the 2nd quarter. Fifth Third Bancorp now owns 1,694 shares of the company’s stock worth $646,000 after acquiring an additional 266 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Casey’s General Stores by 28.7% in the second quarter. Atria Wealth Solutions Inc. now owns 3,087 shares of the company’s stock valued at $1,178,000 after purchasing an additional 688 shares during the last quarter. Finally, &PARTNERS bought a new stake in shares of Casey’s General Stores in the second quarter worth $443,000. 85.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Katrina S. Lindsey sold 450 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the sale, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This represents a 16.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CASY. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft lifted their target price on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price target on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Melius Research began coverage on Casey’s General Stores in a research note on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. Finally, Evercore ISI raised their target price on shares of Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $419.45.

Casey’s General Stores Stock Performance

NASDAQ CASY opened at $421.39 on Wednesday. The firm has a 50-day moving average price of $406.89 and a two-hundred day moving average price of $383.42. Casey’s General Stores, Inc. has a 12-month low of $268.07 and a 12-month high of $439.68. The company has a market capitalization of $15.64 billion, a P/E ratio of 29.37 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.56. The business had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.24 earnings per share. Analysts anticipate that Casey’s General Stores, Inc. will post 14.28 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, February 3rd. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.94%.

Casey’s General Stores Company Profile

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.