Maven Securities LTD Takes $382,000 Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Maven Securities LTD bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,000 shares of the company’s stock, valued at approximately $382,000.

Other large investors also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in Casey’s General Stores during the 2nd quarter worth approximately $704,000. Cetera Investment Advisers lifted its holdings in Casey’s General Stores by 7.1% during the 2nd quarter. Cetera Investment Advisers now owns 9,955 shares of the company’s stock worth $3,798,000 after buying an additional 664 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Casey’s General Stores during the 2nd quarter worth about $3,654,000. Regal Investment Advisors LLC purchased a new position in shares of Casey’s General Stores in the 2nd quarter valued at about $300,000. Finally, Quarry LP acquired a new stake in shares of Casey’s General Stores during the 2nd quarter worth about $72,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $370.17 on Thursday. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 27.56 and a beta of 0.80. Casey’s General Stores, Inc. has a fifty-two week low of $260.13 and a fifty-two week high of $401.07. The firm has a 50-day simple moving average of $373.64 and a 200-day simple moving average of $351.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.29. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $4.52 EPS. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.50 dividend. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.54%. Casey’s General Stores’s dividend payout ratio is currently 14.89%.

Insiders Place Their Bets

In other news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CASY has been the subject of a number of research analyst reports. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a report on Thursday, July 11th. Melius Research assumed coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, Evercore ISI raised their price objective on Casey’s General Stores from $410.00 to $435.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $407.64.

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.