Bokf Na Has $4.97 Million Position in Casey's General Stores, Inc. $CASY

Key Points

• Bokf Na boosted its stake in Casey's General Stores by 528.2% in Q4, adding 7,559 shares to hold 8,990 shares worth about $4.97 million, and institutional investors now own roughly 85.63% of the company.
• Analyst consensus is a Moderate Buy with an average price target of $725.09, while recent coverage includes a Zacks upgrade to strong-buy and KeyCorp raising its target to $860 with an overweight rating.
• Casey’s beat quarterly EPS estimates ($3.49 vs. $2.94) though revenue slightly missed, the stock trades near its 12‑month high (~$858) with a $31.7B market cap and a P/E of 49.26, and it pays a $0.57 quarterly dividend (≈0.3% yield).

Bokf Na lifted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 528.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,990 shares of the company's stock after purchasing an additional 7,559 shares during the period. Bokf Na's holdings in Casey's General Stores were worth $4,969,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in Casey's General Stores by 35.4% in the third quarter. Victory Capital Management Inc. now owns 791,415 shares of the company's stock valued at $447,403,000 after acquiring an additional 206,777 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Casey's General Stores by 7.0% in the third quarter. Franklin Resources Inc. now owns 758,212 shares of the company's stock valued at $428,632,000 after acquiring an additional 49,319 shares during the last quarter. Invesco Ltd. boosted its holdings in Casey's General Stores by 5.0% in the third quarter. Invesco Ltd. now owns 507,998 shares of the company's stock valued at $287,182,000 after acquiring an additional 24,091 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Casey's General Stores by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 447,265 shares of the company's stock valued at $252,832,000 after acquiring an additional 8,781 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Casey's General Stores by 1.8% in the third quarter. Capital World Investors now owns 418,870 shares of the company's stock valued at $236,796,000 after acquiring an additional 7,428 shares during the last quarter. Institutional investors own 85.63% of the company's stock.

Analyst Ratings Changes

CASY has been the topic of several recent research reports. Zacks Research upgraded Casey's General Stores from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 23rd. Bank of America assumed coverage on Casey's General Stores in a report on Friday, January 9th. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey's General Stores in a research report on Thursday, January 8th. Wall Street Zen cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Finally, KeyCorp upped their target price on shares of Casey's General Stores from $830.00 to $860.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $725.09.

Casey's General Stores Price Performance

CASY opened at $858.14 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. Casey's General Stores, Inc. has a 12 month low of $430.00 and a 12 month high of $867.56. The company has a fifty day simple moving average of $725.86 and a 200 day simple moving average of $632.05. The stock has a market cap of $31.72 billion, a P/E ratio of 49.26, a P/E/G ratio of 2.38 and a beta of 0.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, March 9th. The company reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $2.94 by $0.55. Casey's General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the prior year, the company earned $2.33 EPS. The firm's quarterly revenue was up .3% on a year-over-year basis. On average, research analysts expect that Casey's General Stores, Inc. will post 18.24 EPS for the current year.

Casey's General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 1st will be given a $0.57 dividend. The ex-dividend date is Friday, May 1st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. Casey's General Stores's dividend payout ratio is currently 13.09%.

Insiders Place Their Bets

In related news, insider Katrina S. Lindsey sold 200 shares of the company's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares in the company, valued at $2,758,798.56. This represents a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mike Spanos acquired 300 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $665.43 per share, with a total value of $199,629.00. Following the transaction, the director owned 4,499 shares in the company, valued at $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.54% of the stock is owned by corporate insiders.

About Casey's General Stores

Casey's General Stores, Inc NASDAQ: CASY is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company's stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.

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