Marks Group Wealth Management Inc Purchases New Shares in Casey’s General Stores, Inc. (NASDAQ:CASY)

Marks Group Wealth Management Inc bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 14,611 shares of the company’s stock, valued at approximately $5,489,000.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in Casey’s General Stores by 1.4% during the first quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock worth $244,592,000 after acquiring an additional 10,841 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Casey’s General Stores by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 468,650 shares of the company’s stock valued at $178,822,000 after buying an additional 14,750 shares during the period. Envestnet Asset Management Inc. lifted its position in Casey’s General Stores by 20.4% in the second quarter. Envestnet Asset Management Inc. now owns 458,044 shares of the company’s stock worth $174,771,000 after buying an additional 77,515 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Casey’s General Stores during the third quarter worth $959,880,000. Finally, TD Asset Management Inc increased its position in Casey’s General Stores by 2.5% during the first quarter. TD Asset Management Inc now owns 220,257 shares of the company’s stock valued at $70,141,000 after acquiring an additional 5,296 shares during the last quarter. 85.63% of the stock is currently 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 company’s 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 transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Mike Spanos bought 267 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were bought at an average price of $376.18 per share, with a total value of $100,440.06. Following the transaction, the director now owns 2,594 shares in the company, valued at approximately $975,810.92. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Darren M. Rebelez sold 13,500 shares of the firm’s 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 transaction, the chief executive officer now directly owns 73,838 shares of the company’s stock, 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 Up 4.2 %

Casey’s General Stores stock opened at $396.90 on Wednesday. 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 cap of $14.73 billion, a P/E ratio of 28.89 and a beta of 0.79. The business has a fifty day moving average of $378.67 and a two-hundred day moving average of $364.06. Casey’s General Stores, Inc. has a twelve month low of $266.56 and a twelve month high of $401.17.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data 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 the consensus estimate 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.52 earnings per share. On average, analysts forecast that Casey’s General Stores, Inc. will post 14.01 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company 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 of this dividend is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.50%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 14.56%.

Wall Street Analysts Forecast Growth

CASY has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted 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 research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft increased their price target on Casey’s General Stores from $420.00 to $444.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a report on Thursday, July 11th. Melius Research initiated coverage on Casey’s General Stores in a research report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price objective on the stock. Finally, Gordon Haskett started coverage on Casey’s General Stores in a research report on Monday. They set a “hold” rating and a $400.00 target price for the company. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $407.42.

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.