Pathstone Holdings LLC Acquires 48 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Pathstone Holdings LLC boosted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,871 shares of the company’s stock after purchasing an additional 48 shares during the period. Pathstone Holdings LLC’s holdings in Casey’s General Stores were worth $1,830,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CASY. Advisors Asset Management Inc. bought a new position in shares of Casey’s General Stores during the first quarter valued at about $32,000. Price T Rowe Associates Inc. MD raised its stake in shares of Casey’s General Stores by 9.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 174,421 shares of the company’s stock valued at $55,546,000 after acquiring an additional 15,535 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Casey’s General Stores during the first quarter valued at about $214,000. Cetera Investment Advisers raised its stake in shares of Casey’s General Stores by 255.8% during the first quarter. Cetera Investment Advisers now owns 9,291 shares of the company’s stock valued at $2,959,000 after acquiring an additional 6,680 shares during the last quarter. Finally, Cetera Advisors LLC raised its stake in Casey’s General Stores by 130.0% in the first quarter. Cetera Advisors LLC now owns 5,830 shares of the company’s stock worth $1,857,000 after buying an additional 3,295 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction dated 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 directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This trade represents a 15.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the sale, the insider now owns 9,044 shares of the company’s stock, valued at approximately $3,438,890.56. The trade was a 24.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company increased 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. Royal Bank of Canada increased their price target on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 5th. Melius Research assumed coverage on shares of Casey’s General Stores in a research note on Monday, September 23rd. They issued a “buy” rating and a $435.00 price target for the company. Gordon Haskett assumed coverage on shares of Casey’s General Stores in a research note on Monday, November 4th. They issued a “hold” rating and a $400.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of 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 issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and an average price target of $408.25.

Casey’s General Stores Stock Down 1.3 %

NASDAQ:CASY opened at $420.98 on Thursday. The firm has a market capitalization of $15.63 billion, a P/E ratio of 30.70 and a beta of 0.79. Casey’s General Stores, Inc. has a 1-year low of $266.56 and a 1-year high of $435.60. The company’s fifty day moving average price is $392.28 and its 200-day moving average price is $374.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $4.52 earnings per share. As a group, equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.22 EPS for the current year.

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.