Soros Capital Management LLC Purchases 26,197 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

Soros Capital Management LLC increased its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1,825.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,632 shares of the company's stock after purchasing an additional 26,197 shares during the period. Casey's General Stores makes up approximately 2.5% of Soros Capital Management LLC's investment portfolio, making the stock its 17th largest holding. Soros Capital Management LLC owned about 0.07% of Casey's General Stores worth $10,382,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its holdings in Casey's General Stores by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock worth $5,532,000 after acquiring an additional 1,332 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Casey's General Stores by 111.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 4,004 shares of the company's stock valued at $1,504,000 after purchasing an additional 2,113 shares during the period. Segall Bryant & Hamill LLC increased its stake in Casey's General Stores by 5.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 48,872 shares of the company's stock worth $18,362,000 after purchasing an additional 2,679 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in Casey's General Stores by 15.2% in the third quarter. Aptus Capital Advisors LLC now owns 28,575 shares of the company's stock valued at $10,736,000 after buying an additional 3,776 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Casey's General Stores by 227.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,430 shares of the company's stock valued at $5,046,000 after buying an additional 9,327 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey's General Stores Price Performance

Shares of CASY traded down $6.64 during midday trading on Wednesday, hitting $419.85. 105,592 shares of the company traded hands, compared to its average volume of 265,962. The stock has a 50-day moving average of $392.28 and a 200-day moving average of $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, Inc. has a one year low of $266.56 and a one year high of $435.60. The firm has a market cap of $15.58 billion, a P/E ratio of 30.70 and a beta of 0.79.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 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 company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm earned $4.52 earnings per share. Casey's General Stores's revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts predict that Casey's General Stores, Inc. will post 14.22 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Friday, November 1st. Casey's General Stores's payout ratio is 14.56%.

Analysts Set New Price Targets

Several brokerages have issued reports on CASY. Wells Fargo & Company lifted their price target on shares of Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Royal Bank of Canada raised their target price on shares of Casey's General Stores from $393.00 to $403.00 and gave the company a "sector perform" rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Casey's General Stores from $451.00 to $454.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and boosted their price objective for the stock from $300.00 to $337.00 in a research note on Thursday, September 19th. Finally, Evercore ISI raised their target price on shares of Casey's General Stores from $435.00 to $440.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Casey's General Stores has an average rating of "Moderate Buy" and a consensus price target of $408.25.

Insider Buying and Selling at Casey's General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares of the company's stock, valued at approximately $3,438,890.56. This represents a 24.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the sale, 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 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.