Moran Wealth Management LLC Buys 82 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Moran Wealth Management LLC raised its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.8% in the third quarter, Holdings Channel.com reports. The firm owned 10,178 shares of the company’s stock after acquiring an additional 82 shares during the period. Moran Wealth Management LLC’s holdings in Casey’s General Stores were worth $3,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. EULAV Asset Management boosted its holdings in Casey’s General Stores by 196.3% in the 3rd quarter. EULAV Asset Management now owns 128,000 shares of the company’s stock valued at $48,091,000 after purchasing an additional 84,800 shares during the period. Advisors Asset Management Inc. boosted its holdings in Casey’s General Stores by 83.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,565 shares of the company’s stock valued at $588,000 after purchasing an additional 712 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Casey’s General Stores by 227.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,430 shares of the company’s stock valued at $5,046,000 after purchasing an additional 9,327 shares during the period. Commerce Bank boosted its holdings in Casey’s General Stores by 1.6% in the 3rd quarter. Commerce Bank now owns 12,428 shares of the company’s stock valued at $4,669,000 after purchasing an additional 194 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in Casey’s General Stores by 5.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 48,872 shares of the company’s stock valued at $18,362,000 after purchasing an additional 2,679 shares during the period. 85.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos purchased 267 shares of the stock in a transaction dated Wednesday, September 18th. The stock was bought at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the transaction, the director now directly owns 2,594 shares in the company, valued at $975,810.92. This represents a 11.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores stock in a transaction that occurred 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 sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This represents a 15.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Trading Up 0.6 %

CASY opened at $413.95 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $15.36 billion, a PE ratio of 30.13 and a beta of 0.79. Casey’s General Stores, Inc. has a 1-year low of $266.56 and a 1-year high of $420.27. The firm has a 50-day moving average price of $388.74 and a two-hundred day moving average price of $371.47.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.29. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $4.52 EPS. As a group, equities analysts anticipate that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, November 1st. Casey’s General Stores’s payout ratio is presently 14.56%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CASY shares. Wells Fargo & Company raised their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Evercore ISI raised their price objective on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a report on Tuesday, September 10th. Royal Bank of Canada raised their price objective on shares of Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.