Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp grew its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,287 shares of the company’s stock after acquiring an additional 2,722 shares during the quarter. Stifel Financial Corp owned about 0.18% of Casey’s General Stores worth $25,672,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in Casey’s General Stores during the 2nd quarter worth approximately $32,000. Venturi Wealth Management LLC grew its stake in Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after buying an additional 113 shares during the period. V Square Quantitative Management LLC increased its position in shares of Casey’s General Stores by 22.5% in the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after acquiring an additional 29 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Casey’s General Stores in the second quarter worth $68,000. Finally, Quarry LP acquired a new position in shares of Casey’s General Stores during the 2nd quarter valued at $72,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mike Spanos purchased 267 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $376.18 per share, with a total value of $100,440.06. Following the acquisition, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 11.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Up 0.5 %

CASY stock opened at $422.27 on Monday. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 30.73 and a beta of 0.80. Casey’s General Stores, Inc. has a 1-year low of $266.56 and a 1-year high of $435.60. The firm has a fifty day moving average price of $399.97 and a two-hundred day moving average price of $379.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com upgraded Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a report on Thursday. Benchmark reiterated a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a report on Tuesday, September 10th. Gordon Haskett began coverage on Casey’s General Stores in a report on Monday, November 4th. They issued a “hold” rating and a $400.00 price target for the company. Evercore ISI increased their price objective on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. cut shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $408.25.

Casey’s General Stores Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.