Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Creative Planning

Posted by on Jun 7th, 2023

Creative Planning raised its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,075 shares of the company’s stock after acquiring an additional 99 shares during the quarter. Creative Planning’s holdings in Casey’s General Stores were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. HBK Sorce Advisory LLC purchased a new stake in shares of Casey’s General Stores during the third quarter valued at $28,000. Belpointe Asset Management LLC acquired a new position in shares of Casey’s General Stores in the fourth quarter worth about $36,000. Pinebridge Investments L.P. purchased a new position in shares of Casey’s General Stores in the fourth quarter worth approximately $41,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Casey’s General Stores in the fourth quarter worth approximately $43,000. Finally, Ronald Blue Trust Inc. raised its holdings in shares of Casey’s General Stores by 39.1% during the fourth quarter. Ronald Blue Trust Inc. now owns 235 shares of the company’s stock valued at $47,000 after acquiring an additional 66 shares during the period. Institutional investors own 84.74% of the company’s stock.

Casey’s General Stores Trading Down 1.6 %

Casey’s General Stores stock opened at $224.26 on Wednesday. The business’s 50-day simple moving average is $226.58 and its 200-day simple moving average is $225.56. Casey’s General Stores, Inc. has a 52 week low of $181.40 and a 52 week high of $249.90. The firm has a market capitalization of $8.36 billion, a PE ratio of 18.64 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.66 and a current ratio of 1.10.

Casey’s General Stores (NASDAQ:CASY – Get Rating) last issued its quarterly earnings results on Tuesday, June 6th. The company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.15). Casey’s General Stores had a return on equity of 18.02% and a net margin of 2.96%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the firm earned $1.60 earnings per share. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities research analysts forecast that Casey’s General Stores, Inc. will post 11.7 earnings per share for the current year.

Wall Street Analyst Weigh In

CASY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Casey’s General Stores from $285.00 to $294.00 and gave the company a “buy” rating in a research note on Thursday, March 9th. Royal Bank of Canada lifted their price target on Casey’s General Stores from $273.00 to $280.00 in a report on Thursday, May 25th. JPMorgan Chase & Co. raised shares of Casey’s General Stores from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $173.00 to $211.00 in a research report on Friday, March 3rd. StockNews.com upgraded shares of Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 30th. Finally, Stephens reiterated an “overweight” rating and issued a $280.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 8th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $261.20.

Casey’s General Stores Company Profile

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Casey’s General Stores, Inc engages in the management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

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Institutional Ownership by Quarter for Casey's General Stores (NASDAQ:CASY)

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