Samlyn Capital LLC Has $54.08 Million Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Samlyn Capital LLC increased its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 63.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,743 shares of the company's stock after purchasing an additional 54,884 shares during the quarter. Samlyn Capital LLC owned 0.38% of Casey's General Stores worth $54,083,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CASY. Rise Advisors LLC bought a new stake in Casey's General Stores during the 1st quarter worth approximately $30,000. Park Place Capital Corp bought a new position in shares of Casey's General Stores during the 2nd quarter worth approximately $31,000. Advisors Asset Management Inc. bought a new position in shares of Casey's General Stores during the 1st quarter worth approximately $32,000. Innealta Capital LLC bought a new position in shares of Casey's General Stores during the 2nd quarter worth approximately $32,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Casey's General Stores during the 4th quarter worth approximately $35,000. 85.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CASY. Royal Bank of Canada raised their price target on shares of 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. Northcoast Research raised shares of Casey's General Stores from a "neutral" rating to a "buy" rating and set a $410.00 target price for the company in a research note on Thursday, July 11th. JPMorgan Chase & Co. cut shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and raised their target price for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Casey's General Stores from $420.00 to $444.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Finally, Benchmark reissued a "buy" rating and issued a $410.00 target price on shares of Casey's General Stores in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $407.64.

Casey's General Stores Stock Performance

Casey's General Stores stock traded down $6.07 during mid-day trading on Tuesday, hitting $371.87. 230,610 shares of the company's stock traded hands, compared to its average volume of 281,311. The firm has a 50 day simple moving average of $374.26 and a two-hundred day simple moving average of $348.54. Casey's General Stores, Inc. has a fifty-two week low of $260.13 and a fifty-two week high of $401.07. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 2.58 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey's General Stores had a return on equity of 17.07% and a net margin of 3.40%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the company posted $4.52 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. On average, research analysts expect that Casey's General Stores, Inc. will post 14.15 EPS for the current fiscal year.

Casey's General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Friday, November 1st. Casey's General Stores's dividend payout ratio is currently 14.89%.

Insiders Place Their Bets

In other Casey's General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares in the company, valued at approximately $3,438,890.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares of the company's stock, valued at $27,655,284.52. The disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.

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.