Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Moran Wealth Management LLC

Moran Wealth Management LLC increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,178 shares of the company’s stock after purchasing an additional 82 shares during the quarter. Moran Wealth Management LLC’s holdings in Casey’s General Stores were worth $3,824,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Avantax Advisory Services Inc. acquired a new stake in Casey’s General Stores in the 1st quarter valued at about $226,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Casey’s General Stores by 66.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,970 shares of the company’s stock valued at $937,000 after acquiring an additional 1,190 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in Casey’s General Stores in the 1st quarter valued at about $253,000. Advisors Asset Management Inc. acquired a new stake in Casey’s General Stores in the 1st quarter valued at about $32,000. Finally, Brant Point Investment Management LLC lifted its holdings in Casey’s General Stores by 1,920.2% in the 1st quarter. Brant Point Investment Management LLC now owns 2,000 shares of the company’s stock valued at $637,000 after acquiring an additional 1,901 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value 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. This trade represents a 24.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mike Spanos bought 267 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares in the company, valued at $975,810.92. The trade was 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 corporate insiders.

Casey’s General Stores Trading Up 0.6 %

NASDAQ:CASY opened at $413.95 on Thursday. The stock’s 50 day moving average price is $388.74 and its 200 day moving average price is $371.47. Casey’s General Stores, Inc. has a 52 week low of $266.56 and a 52 week high of $420.27. The company has a market capitalization of $15.36 billion, a P/E ratio of 30.13 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company posted $4.52 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, research analysts forecast that Casey’s General Stores, Inc. will post 14.24 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CASY. Evercore ISI upped their price target on shares of Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada boosted their price objective on 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. Melius Research started coverage on Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. downgraded Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their price objective for the stock from $300.00 to $337.00 in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $408.25.

About Casey’s General Stores

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.