14,611 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,611 shares of the company’s stock, valued at approximately $5,489,000.

A number of other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of Casey’s General Stores in the third quarter worth $959,880,000. Millennium Management LLC grew its position in Casey’s General Stores by 3,846.1% during the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock worth $65,750,000 after purchasing an additional 176,920 shares during the period. Scout Investments Inc. lifted its holdings in shares of Casey’s General Stores by 138.2% in the 1st quarter. Scout Investments Inc. now owns 179,051 shares of the company’s stock valued at $56,467,000 after buying an additional 103,879 shares during the period. Bridges Investment Management Inc. lifted its holdings in shares of Casey’s General Stores by 110.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock valued at $67,609,000 after buying an additional 92,813 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Casey’s General Stores by 189.1% in the second quarter. American Century Companies Inc. now owns 132,375 shares of the company’s stock worth $50,509,000 after buying an additional 86,582 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 13,500 shares of the business’s 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 transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Casey’s General Stores news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following the completion of the sale, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $5,056,290.00. Following the transaction, the chief executive officer now owns 73,838 shares in the company, valued at approximately $27,655,284.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

Casey’s General Stores Stock Performance

Shares of NASDAQ:CASY opened at $396.90 on Wednesday. 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 1 year low of $266.56 and a 1 year high of $401.17. The firm has a market capitalization of $14.73 billion, a PE ratio of 28.89 and a beta of 0.79. The business’s 50 day moving average price is $378.67 and its 200-day moving average price is $364.06.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.54 by $0.29. The company had revenue of $4.10 billion for 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 firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.52 EPS. As a group, equities research analysts expect that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current fiscal 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. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.50%. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CASY shares. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a report on Thursday, July 11th. Royal Bank of Canada increased their price target 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. Melius Research initiated coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective for the company. StockNews.com downgraded shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, JPMorgan Chase & Co. cut Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their target price for the company from $300.00 to $337.00 in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $407.42.

Casey’s General Stores 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.