Nykredit A S Makes New $13.69 Million Investment in Casey's General Stores, Inc. $CASY

Nykredit A S bought a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,221 shares of the company's stock, valued at approximately $13,687,000.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Financial Advisors purchased a new position in Casey's General Stores during the second quarter valued at $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Casey's General Stores in the first quarter worth $33,000. Bell Investment Advisors Inc purchased a new stake in shares of Casey's General Stores in the second quarter worth $33,000. Caitlin John LLC bought a new position in shares of Casey's General Stores during the second quarter valued at $35,000. Finally, Larson Financial Group LLC increased its holdings in shares of Casey's General Stores by 252.4% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the company's stock valued at $41,000 after acquiring an additional 53 shares in the last quarter. 85.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CASY has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of Casey's General Stores from $945.00 to $925.00 and set a "neutral" rating on the stock in a research report on Thursday, August 27th. Wolfe Research reaffirmed an "outperform" rating and issued a $1,069.00 target price on shares of Casey's General Stores in a report on Thursday, June 11th. Weiss Ratings downgraded shares of Casey's General Stores from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. The Goldman Sachs Group raised their price target on shares of Casey's General Stores from $695.00 to $795.00 and gave the company a "neutral" rating in a research report on Thursday, June 25th. Finally, Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 13th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Casey's General Stores currently has an average rating of "Moderate Buy" and a consensus target price of $928.53.

Insider Buying and Selling

In other Casey's General Stores news, insider Katrina Lindsey sold 2,000 shares of the business's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the insider directly owned 6,668 shares in the company, valued at $5,334,400. The trade was a 23.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Darren Rebelez sold 19,000 shares of the company's stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the sale, the chief executive officer directly owned 89,174 shares of the company's stock, valued at $71,469,394.04. The trade was a 17.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 30,243 shares of company stock valued at $24,421,877 in the last 90 days. Insiders own 0.67% of the company's stock.

Casey's General Stores Trading Down 0.3%

NASDAQ:CASY opened at $756.09 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Casey's General Stores, Inc. has a 12 month low of $497.38 and a 12 month high of $927.85. The company has a market cap of $27.98 billion, a PE ratio of 39.46, a price-to-earnings-growth ratio of 2.60 and a beta of 0.59. The company has a 50 day simple moving average of $827.10 and a two-hundred day simple moving average of $784.78.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.31 by $1.06. Casey's General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.33 billion. During the same period in the prior year, the firm earned $2.63 EPS. The company's revenue was up 14.5% compared to the same quarter last year. Research analysts forecast that Casey's General Stores, Inc. will post 21.11 earnings per share for the current year.

Casey's General Stores Profile

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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