Waterloo Capital L.P. Takes $760,000 Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Waterloo Capital L.P. purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,768 shares of the company’s stock, valued at approximately $760,000.

A number of other institutional investors have also modified their holdings of the company. Morgan Stanley raised its position in shares of Casey’s General Stores by 7.7% in the 3rd quarter. Morgan Stanley now owns 1,585,359 shares of the company’s stock valued at $430,458,000 after purchasing an additional 113,437 shares during the last quarter. FMR LLC raised its position in shares of Casey’s General Stores by 5.6% in the 3rd quarter. FMR LLC now owns 732,623 shares of the company’s stock valued at $198,922,000 after purchasing an additional 38,722 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Casey’s General Stores by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 559,532 shares of the company’s stock valued at $151,924,000 after purchasing an additional 18,528 shares during the last quarter. Norges Bank purchased a new position in shares of Casey’s General Stores in the 4th quarter valued at approximately $115,799,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Casey’s General Stores by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 265,915 shares of the company’s stock valued at $73,057,000 after purchasing an additional 6,867 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CASY has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Northcoast Research lowered shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 15th. Evercore ISI reduced their price target on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, Benchmark reissued a “buy” rating and set a $312.00 price target on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $324.75.

View Our Latest Stock Report on Casey’s General Stores

Casey’s General Stores Price Performance

Casey’s General Stores stock traded up $1.75 during trading on Friday, reaching $328.63. The company had a trading volume of 235,127 shares, compared to its average volume of 243,164. The firm’s 50-day simple moving average is $323.63 and its 200 day simple moving average is $299.72. Casey’s General Stores, Inc. has a 1-year low of $215.17 and a 1-year high of $344.61. The firm has a market capitalization of $12.17 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 2.37 and a beta of 0.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last released its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter last year, the company earned $2.36 EPS. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Casey’s General Stores, Inc. will post 12.78 earnings per share for the current fiscal year.

Casey’s General Stores Company Profile

(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.

Further Reading

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

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