Samlyn Capital LLC Has $110.97 Million Stock Holdings in Casey's General Stores, Inc. $CASY

Key Points

• Samlyn Capital LLC increased its stake in Casey's General Stores by 42.8% during Q1, purchasing an additional 76,673 shares, bringing its total to 255,659 shares valued at approximately $110.97 million.
• Multiple institutional investors have significantly raised their positions in Casey's General Stores, with Wellington Management Group increasing its stake by 190.6% and GAMMA Investing boosting by 54,448.8% in the same quarter.
• Casey's General Stores reported a 10.9% year-over-year revenue increase for the quarter with earnings per share of $2.63, surpassing the consensus estimate by $0.69.

Samlyn Capital LLC boosted its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 42.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,659 shares of the company's stock after purchasing an additional 76,673 shares during the period. Casey's General Stores comprises 1.6% of Samlyn Capital LLC's portfolio, making the stock its 23rd biggest holding. Samlyn Capital LLC owned about 0.69% of Casey's General Stores worth $110,966,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new position in Casey's General Stores during the first quarter worth about $25,000. Global Financial Private Client LLC lifted its stake in Casey's General Stores by 325.0% during 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 period. Summit Securities Group LLC bought a new position in Casey's General Stores during the first quarter worth about $32,000. Iron Horse Wealth Management LLC lifted its stake in Casey's General Stores by 40.0% during 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 period. Finally, WPG Advisers LLC bought a new position in Casey's General Stores during the first quarter worth about $47,000. Institutional investors own 85.63% of the company's stock.

Casey's General Stores Price Performance

Shares of Casey's General Stores stock traded up $19.80 during midday trading on Tuesday, reaching $541.30. The company had a trading volume of 1,285,170 shares, compared to its average volume of 267,970. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $20.13 billion, a price-to-earnings ratio of 34.74 and a beta of 0.66. The stock has a fifty day simple moving average of $514.22 and a 200 day simple moving average of $469.70. Casey's General Stores, Inc. has a 1-year low of $362.42 and a 1-year high of $543.20.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings results on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, beating analysts' consensus estimates of $5.02 by $0.75. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. Casey's General Stores had a net margin of 3.54% and a return on equity of 17.00%. Casey's General Stores's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.83 earnings per share. As a group, equities research analysts forecast that Casey's General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey's General Stores's dividend payout ratio (DPR) is currently 15.57%.

Insiders Place Their Bets

In other Casey's General Stores news, insider Katrina S. Lindsey sold 2,000 shares of Casey's General Stores stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the completion of the sale, the insider owned 4,636 shares of the company's stock, valued at approximately $2,346,140.52. The trade was a 30.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mike Spanos bought 200 shares of the stock in a transaction on Monday, June 30th. The shares were acquired at an average cost of $503.18 per share, with a total value of $100,636.00. Following the acquisition, the director directly owned 3,560 shares in the company, valued at approximately $1,791,320.80. This trade represents a 5.95% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 43,646 shares of company stock valued at $22,136,614 over the last quarter. Company insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

CASY has been the subject of a number of analyst reports. Stephens restated an "overweight" rating and set a $530.00 price target on shares of Casey's General Stores in a research note on Tuesday. BMO Capital Markets lifted their target price on shares of Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a research note on Wednesday, June 11th. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. The Goldman Sachs Group lifted their target price on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. Finally, Royal Bank Of Canada lifted their target price on shares of Casey's General Stores from $468.00 to $542.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 9th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Casey's General Stores presently has an average rating of "Moderate Buy" and a consensus price target of $480.62.

Casey's General Stores Company 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.