Casey's General Stores, Inc. $CASY Shares Acquired by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC increased its stake in Casey's General Stores by 15.8%, now owning 17,881 shares valued at approximately $7.76 million.
• Analysts have set new price targets for Casey's General Stores, with estimates ranging from $450.00 to $542.00, reflecting a consensus rating of "Moderate Buy."
• Casey's General Stores reported an EPS of $2.63 for the most recent quarter, significantly beating expectations and observing a 10.9% increase in revenue year-over-year.

Curi RMB Capital LLC lifted its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,881 shares of the company's stock after buying an additional 2,446 shares during the period. Curi RMB Capital LLC's holdings in Casey's General Stores were worth $7,761,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CASY. Versant Capital Management Inc acquired a new position in shares of Casey's General Stores in the 1st quarter valued at $25,000. Global Financial Private Client LLC raised its stake in shares of Casey's General Stores by 325.0% in the first quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Casey's General Stores in the first quarter worth about $32,000. Iron Horse Wealth Management LLC raised its stake in shares of Casey's General Stores by 40.0% in the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after purchasing an additional 26 shares during the last quarter. Finally, WPG Advisers LLC purchased a new position in shares of Casey's General Stores in the first quarter worth about $47,000. 85.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CASY has been the subject of several research analyst reports. Stephens restated an "overweight" rating and issued a $490.00 price objective on shares of Casey's General Stores in a research note on Tuesday, June 10th. The Goldman Sachs Group raised their price objective on Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. BMO Capital Markets raised their price objective on Casey's General Stores from $450.00 to $515.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 11th. Finally, Royal Bank Of Canada lifted their price target on Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 9th. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Casey's General Stores has a consensus rating of "Moderate Buy" and a consensus target price of $467.33.

Casey's General Stores Stock Down 0.3%

Casey's General Stores stock opened at $498.18 on Friday. The stock has a market capitalization of $18.52 billion, a PE ratio of 34.03 and a beta of 0.66. Casey's General Stores, Inc. has a 12 month low of $352.00 and a 12 month high of $531.24. The business has a 50 day simple moving average of $513.39 and a 200-day simple moving average of $467.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Monday, June 9th. The company reported $2.63 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.69. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%.The business had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $3.95 billion. During the same period in the previous year, the business earned $2.34 earnings per share. The business's revenue was up 10.9% compared to the same quarter last year. On average, analysts anticipate that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Insider Activity

In related news, CFO Stephen P. Bramlage, Jr. sold 760 shares of the business's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total transaction of $385,745.60. Following the completion of the sale, the chief financial officer directly owned 25,994 shares in the company, valued at approximately $13,193,514.64. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 200 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were purchased at an average price of $503.18 per share, with a total value of $100,636.00. Following the completion of the transaction, the director directly owned 3,560 shares of the company's stock, valued at $1,791,320.80. This represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Insiders sold 43,646 shares of company stock valued at $22,136,614 in the last three months. Company insiders own 0.54% of the company's stock.

Casey's General Stores Profile

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

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