Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by Holocene Advisors LP

Holocene Advisors LP grew its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 266.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,406 shares of the company’s stock after acquiring an additional 70,096 shares during the period. Holocene Advisors LP owned about 0.26% of Casey’s General Stores worth $36,221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CASY. Benjamin Edwards Inc. raised its position in Casey’s General Stores by 1,819.1% in the third quarter. Benjamin Edwards Inc. now owns 130,291 shares of the company’s stock valued at $48,959,000 after purchasing an additional 123,502 shares during the period. Kestra Investment Management LLC grew its stake in shares of Casey’s General Stores by 21.0% in the third quarter. Kestra Investment Management LLC now owns 2,231 shares of the company’s stock valued at $838,000 after buying an additional 387 shares in the last quarter. Infrastructure Capital Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 3rd quarter valued at about $218,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Casey’s General Stores by 1.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,839 shares of the company’s stock valued at $39,389,000 after buying an additional 1,771 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Casey’s General Stores by 4.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,273 shares of the company’s stock worth $3,108,000 after acquiring an additional 336 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CASY shares. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and set a $410.00 price target on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Evercore ISI upped their price objective on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Royal Bank of Canada lifted their target price on 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Trading Up 0.0 %

NASDAQ:CASY opened at $421.08 on Tuesday. The company has a market cap of $15.63 billion, a PE ratio of 30.65 and a beta of 0.79. The business’s 50 day moving average is $395.42 and its two-hundred day moving average is $376.15. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a 52 week low of $266.56 and a 52 week high of $435.60.

Casey’s General Stores (NASDAQ:CASY) last announced 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. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business posted $4.52 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Casey’s General Stores, Inc. will post 14.22 EPS for the current year.

Insider Activity

In related news, Director Mike Spanos purchased 267 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the transaction, the director now owns 2,594 shares of the company’s stock, valued at $975,810.92. This trade represents a 11.47 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. This represents a 15.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores 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.