Ashton Thomas Private Wealth LLC Invests $68,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Ashton Thomas Private Wealth LLC bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 177 shares of the company’s stock, valued at approximately $68,000.

Other large investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Casey’s General Stores during the first quarter valued at about $30,000. Park Place Capital Corp bought a new position in Casey’s General Stores during the second quarter valued at $31,000. Advisors Asset Management Inc. purchased a new stake in Casey’s General Stores in the first quarter worth $32,000. Innealta Capital LLC bought a new stake in shares of Casey’s General Stores in the second quarter valued at $32,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Casey’s General Stores during the 4th quarter valued at $35,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $381.63 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $14.17 billion, a P/E ratio of 28.42, a PEG ratio of 2.58 and a beta of 0.80. The company has a 50-day moving average price of $373.93 and a 200-day moving average price of $345.32. Casey’s General Stores, Inc. has a 52 week low of $260.13 and a 52 week high of $401.07.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Casey’s General Stores’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.52 EPS. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.15 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.89%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank of Canada increased their target price on Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 5th. 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 research report on Friday, September 6th. Benchmark restated a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a research report on Tuesday, September 10th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Casey’s General Stores from $298.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.20.

Insider Activity

In other Casey’s General Stores news, 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 completion of the sale, the chief executive officer now owns 73,838 shares of the company’s stock, valued at $27,655,284.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Darren M. Rebelez sold 13,500 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 73,838 shares in the company, valued at $27,655,284.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the business’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 transaction, the insider now directly owns 9,044 shares of the company’s stock, valued at $3,438,890.56. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

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.