Casey's General Stores, Inc. (NASDAQ:CASY) Shares Purchased by Soros Capital Management LLC

Soros Capital Management LLC boosted its stake in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 1,825.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,632 shares of the company's stock after purchasing an additional 26,197 shares during the period. Casey's General Stores makes up about 2.5% of Soros Capital Management LLC's investment portfolio, making the stock its 17th biggest holding. Soros Capital Management LLC owned approximately 0.07% of Casey's General Stores worth $10,382,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Casey's General Stores by 9.9% during the third quarter. PNC Financial Services Group Inc. now owns 14,725 shares of the company's stock valued at $5,532,000 after acquiring an additional 1,332 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Casey's General Stores by 111.7% during the third quarter. OneDigital Investment Advisors LLC now owns 4,004 shares of the company's stock valued at $1,504,000 after acquiring an additional 2,113 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Casey's General Stores by 5.8% in the third quarter. Segall Bryant & Hamill LLC now owns 48,872 shares of the company's stock worth $18,362,000 after purchasing an additional 2,679 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in Casey's General Stores by 15.2% in the third quarter. Aptus Capital Advisors LLC now owns 28,575 shares of the company's stock worth $10,736,000 after purchasing an additional 3,776 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Casey's General Stores by 227.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,430 shares of the company's stock worth $5,046,000 after purchasing an additional 9,327 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Casey's General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey's General Stores stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the transaction, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. The trade was a 24.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mike Spanos acquired 267 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the transaction, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. This represents a 11.47 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by company insiders.

Casey's General Stores Stock Performance

CASY opened at $426.49 on Wednesday. The business's 50 day moving average is $391.26 and its 200-day moving average is $373.78. The stock has a market cap of $15.83 billion, a PE ratio of 31.04 and a beta of 0.79. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. Casey's General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $435.60.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.52 earnings per share. On average, analysts predict that Casey's General Stores, Inc. will post 14.22 earnings per share for the current year.

Casey's General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.50 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.47%. Casey's General Stores's dividend payout ratio (DPR) is 14.56%.

Analyst Ratings Changes

A number of research firms recently commented on CASY. Gordon Haskett began coverage on Casey's General Stores in a research note on Monday, November 4th. They issued a "hold" rating and a $400.00 price target for the company. Evercore ISI lifted their price target on Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Benchmark reiterated a "buy" rating and issued a $410.00 price target on shares of Casey's General Stores in a research note on Tuesday, September 10th. Royal Bank of Canada lifted their price target on Casey's General Stores from $393.00 to $403.00 and gave the stock a "sector perform" rating in a research note on Thursday, September 5th. Finally, Melius Research initiated coverage on Casey's General Stores in a research note on Monday, September 23rd. They issued a "buy" rating and a $435.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $408.25.

Casey's General Stores Company 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.

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