536 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 536 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Casey’s General Stores by 3.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,851 shares of the company’s stock worth $908,000 after acquiring an additional 103 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $225,000. First Trust Direct Indexing L.P. acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $212,000. Van ECK Associates Corp grew its holdings in shares of Casey’s General Stores by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 13,033 shares of the company’s stock valued at $4,150,000 after buying an additional 3,486 shares during the period. Finally, Norden Group LLC acquired a new position in shares of Casey’s General Stores in the 1st quarter valued at $320,000. Institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the subject of several research analyst reports. Wells Fargo & Company boosted their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Royal Bank of Canada upped their target price 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. Finally, Benchmark reaffirmed 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 issued a buy rating to the company. According to data from MarketBeat, Casey’s General Stores has an average rating of “Moderate Buy” and an average price target of $408.09.

Casey’s General Stores Trading Down 0.2 %

Shares of NASDAQ:CASY opened at $393.19 on Friday. The company’s 50-day moving average price is $378.56 and its two-hundred day moving average price is $362.82. 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, Inc. has a one year low of $266.56 and a one year high of $401.17. The stock has a market capitalization of $14.60 billion, a PE ratio of 28.62 and a beta of 0.80.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the firm posted $4.52 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Casey’s General Stores, Inc. will post 14.01 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.51%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Insiders Place Their Bets

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were 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 directly owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Mike Spanos bought 267 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were bought at an average cost of $376.18 per share, with a total value of $100,440.06. Following the acquisition, the director now owns 2,594 shares in the company, valued at $975,810.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at approximately $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% 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.