Wealth Enhancement Advisory Services LLC Sells 137 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 4.8% in the third quarter, HoldingsChannel.com reports. The firm owned 2,714 shares of the company’s stock after selling 137 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Casey’s General Stores were worth $1,020,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CASY. Park Place Capital Corp purchased a new position in shares of Casey’s General Stores in the 2nd quarter worth approximately $31,000. Advisors Asset Management Inc. purchased a new position in shares of Casey’s General Stores in the 1st quarter worth approximately $32,000. Innealta Capital LLC purchased a new position in shares of Casey’s General Stores in the 2nd quarter worth approximately $32,000. Bank & Trust Co purchased a new position in shares of Casey’s General Stores in the 2nd quarter worth approximately $40,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of Casey’s General Stores by 22.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after buying an additional 29 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Insider Activity at Casey’s General Stores

In related news, CEO Darren M. Rebelez sold 13,500 shares of Casey’s General Stores 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 completion of the sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 9,044 shares in the company, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $27,655,284.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Trading Up 4.2 %

NASDAQ:CASY opened at $396.90 on Wednesday. The company has a market cap of $14.73 billion, a P/E ratio of 28.08 and a beta of 0.79. The stock’s fifty day moving average price is $378.67 and its two-hundred day moving average price is $364.06. Casey’s General Stores, Inc. has a 1 year low of $266.56 and a 1 year high of $401.17. 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) last posted its quarterly earnings data 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. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $4.52 earnings per share. As a group, analysts expect that Casey’s General Stores, Inc. will post 14.01 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Analysts Set New Price Targets

CASY has been the topic of a number of research analyst reports. Gordon Haskett initiated coverage on Casey’s General Stores in a research note on Monday. They issued a “hold” rating and a $400.00 target price on the stock. Royal Bank of Canada upped their price objective on Casey’s General Stores from $393.00 to $403.00 and gave the company a “sector perform” rating in a research note on Thursday, September 5th. Evercore ISI upped their price objective on Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $410.00 price objective on shares of Casey’s General Stores in a research note on Tuesday, September 10th. Finally, StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $407.42.

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.