CenterBook Partners LP Makes New $2.29 Million Investment in Casey's General Stores, Inc. $CASY

Key Points

• CenterBook Partners LP opened a new position in Casey's General Stores, buying 4,137 shares valued at about $2.29 million in the fourth quarter.
• Casey's recently reported strong quarterly results, with EPS of $4.37 and revenue of $4.57 billion, both beating analyst expectations and showing solid year-over-year growth.
• Analyst sentiment remains constructive overall, with the stock carrying a Moderate Buy consensus and an average price target of $761.36, though some firms have recently downgraded the shares to hold.

CenterBook Partners LP acquired a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,137 shares of the company's stock, valued at approximately $2,287,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CASY. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Casey's General Stores in the 3rd quarter worth $25,000. Central Pacific Bank Trust Division grew its stake in Casey's General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company's stock worth $30,000 after buying an additional 19 shares during the last quarter. True Wealth Design LLC raised its stake in Casey's General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company's stock valued at $30,000 after buying an additional 42 shares during the last quarter. ORG Partners LLC raised its stake in Casey's General Stores by 47.6% in the fourth quarter. ORG Partners LLC now owns 62 shares of the company's stock valued at $34,000 after buying an additional 20 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Casey's General Stores in the third quarter worth about $35,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CASY shares. Jefferies Financial Group lifted their target price on shares of Casey's General Stores from $700.00 to $780.00 and gave the stock a "buy" rating in a research note on Tuesday, March 10th. BMO Capital Markets restated a "market perform" rating and set a $700.00 price target on shares of Casey's General Stores in a research note on Wednesday, March 4th. William Blair began coverage on shares of Casey's General Stores in a report on Wednesday, May 20th. They issued an "outperform" rating for the company. Zacks Research downgraded shares of Casey's General Stores from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 5th. Finally, Wall Street Zen downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $761.36.

Insider Activity

In other news, Director Mike Spanos purchased 300 shares of the company's stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the completion of the transaction, the director owned 4,499 shares of the company's stock, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Trending Headlines about Casey's General Stores

Here are the key news stories impacting Casey's General Stores this week:

• Positive Sentiment: Casey's reported Q4 earnings of $4.37 per share, easily topping Wall Street estimates of $3.36, while revenue reached $4.57 billion versus consensus of $4.33 billion. Casey's Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: The company also posted sharp year-over-year growth, with diluted EPS up 66.2% and net income rising 65.5%, reinforcing momentum heading into the next fiscal year. Casey's Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: Management pointed to strong pizza sales, appetizers, sides, and nonalcoholic beverages as key drivers of the beat, suggesting healthy customer demand and successful product mix. Casey's General Stores Results Helped by Pizza Sales
• Neutral Sentiment: Several reports today highlighted that analysts had expected a strong quarter and were watching the release closely, so part of the move likely reflects earnings anticipation being resolved. Casey's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
• Negative Sentiment: One headline noted that shares had pulled back into the earnings report, which may indicate some pre-release caution or profit-taking before the beat was announced. Casey's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Casey's General Stores Stock Performance

NASDAQ CASY opened at $761.18 on Wednesday. Casey's General Stores, Inc. has a twelve month low of $481.30 and a twelve month high of $901.00. The stock has a market capitalization of $28.13 billion, a price-to-earnings ratio of 43.70, a PEG ratio of 2.09 and a beta of 0.61. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $790.09 and a 200 day moving average of $679.24.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $1.06. Casey's General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.33 billion. During the same period in the previous year, the firm posted $2.63 EPS. Casey's General Stores's revenue was up 14.5% compared to the same quarter last year. Sell-side analysts anticipate that Casey's General Stores, Inc. will post 18.16 EPS for the current fiscal year.

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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