Ashton Thomas Private Wealth LLC Buys New Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Ashton Thomas Private Wealth LLC bought a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 747 shares of the company’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new stake in Casey’s General Stores during the 4th quarter valued at approximately $34,000. Endeavor Private Wealth Inc. bought a new stake in Casey’s General Stores during the 4th quarter valued at approximately $36,000. Venturi Wealth Management LLC grew its holdings in Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after buying an additional 113 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after buying an additional 29 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new position in Casey’s General Stores during the 3rd quarter valued at approximately $76,000. Institutional investors own 85.63% of the company’s stock.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total transaction of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares in the company, valued at $959,761.11. The trade was a 16.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mike Spanos acquired 500 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $396.76 per share, with a total value of $198,380.00. Following the acquisition, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This trade represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Casey’s General Stores Price Performance

Shares of Casey’s General Stores stock opened at $378.71 on Wednesday. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The stock has a 50 day moving average price of $409.64 and a 200-day moving average price of $399.61. Casey’s General Stores, Inc. has a one year low of $290.00 and a one year high of $445.17.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter in the previous year, the business earned $2.33 EPS. Casey’s General Stores’s revenue was up 17.2% compared to the same quarter last year. Equities analysts expect that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com cut Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank of Canada raised their price target on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. BMO Capital Markets restated a “market perform” rating and set a $450.00 price target (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Evercore ISI cut their price target on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $422.18.

Casey’s General Stores 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.