Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Dark Forest Capital Management LP

Posted by Defense World Staff on Sep 8th, 2023

Dark Forest Capital Management LP increased its position in Casey’s General Stores, Inc. (NASDAQ:CASY – Free Report) by 226.2% during the first quarter, Holdings Channel reports. The fund owned 424 shares of the company’s stock after purchasing an additional 294 shares during the quarter. Dark Forest Capital Management LP’s holdings in Casey’s General Stores were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CASY. Andesa Financial Management Inc. acquired a new position in shares of Casey’s General Stores in the 1st quarter worth approximately $211,000. Money Concepts Capital Corp grew its stake in shares of Casey’s General Stores by 62.7% in the 4th quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock worth $27,000 after purchasing an additional 47 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Casey’s General Stores in the 4th quarter worth approximately $36,000. Ameritas Advisory Services LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter worth approximately $38,000. Finally, Pinebridge Investments L.P. acquired a new position in shares of Casey’s General Stores in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

Analyst Ratings Changes

CASY has been the subject of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $280.00 target price on shares of Casey’s General Stores in a report on Wednesday, August 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Casey’s General Stores from $294.00 to $278.00 in a report on Wednesday, June 28th. Benchmark reiterated a “buy” rating and issued a $275.00 target price on shares of Casey’s General Stores in a report on Friday, July 14th. StockNews.com initiated coverage on shares of Casey’s General Stores in a report on Thursday, August 17th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company raised their target price on shares of Casey’s General Stores from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.89.

View Our Latest Report on CASY

Casey’s General Stores Stock Up 0.5 %

Shares of NASDAQ:CASY opened at $239.84 on Friday. Casey’s General Stores, Inc. has a 52 week low of $197.22 and a 52 week high of $257.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.59 and a current ratio of 0.99. The company’s fifty day moving average is $246.77 and its 200-day moving average is $230.36. The company has a market capitalization of $8.97 billion, a PE ratio of 20.12 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last issued its quarterly earnings results on Wednesday, June 7th. The company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.15). The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.38 billion. Casey’s General Stores had a return on equity of 17.13% and a net margin of 2.96%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $1.60 EPS. Equities research analysts predict that Casey’s General Stores, Inc. will post 10.75 earnings per share for the current fiscal year.

About Casey’s General Stores

(Free Report)

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.