702 Shares in Casey's General Stores, Inc. (NASDAQ:CASY) Bought by Aspen Capital Management LLC

Aspen Capital Management LLC bought a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 702 shares of the company's stock, valued at approximately $305,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CASY. Versant Capital Management Inc acquired a new stake in shares of Casey's General Stores during the 1st quarter valued at about $25,000. Global Financial Private Client LLC boosted its holdings in Casey's General Stores by 325.0% in the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after buying an additional 52 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in Casey's General Stores by 40.0% in the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after buying an additional 26 shares during the last quarter. Whipplewood Advisors LLC boosted its holdings in Casey's General Stores by 160.0% in the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock worth $51,000 after buying an additional 72 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Casey's General Stores in the 1st quarter worth about $59,000. Hedge funds and other institutional investors own 85.63% of the company's stock.

Insider Buying and Selling

In other news, insider Katrina S. Lindsey sold 2,000 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total transaction of $1,012,140.00. Following the completion of the sale, the insider owned 4,636 shares in the company, valued at approximately $2,346,140.52. This represents a 30.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the sale, the chief financial officer owned 26,754 shares of the company's stock, valued at $13,623,404.34. This trade represents a 24.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,646 shares of company stock valued at $22,136,614 over the last ninety days. Company insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CASY shares. The Goldman Sachs Group boosted their target price on Casey's General Stores from $385.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 11th. KeyCorp upped their price objective on Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Wells Fargo & Company upped their price objective on Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Stephens reiterated an "overweight" rating and issued a $490.00 price objective on shares of Casey's General Stores in a report on Tuesday, June 10th. Finally, Evercore ISI upped their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Casey's General Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $465.25.

Casey's General Stores Price Performance

Shares of NASDAQ CASY opened at $510.25 on Friday. The company has a market cap of $18.97 billion, a price-to-earnings ratio of 34.85 and a beta of 0.69. The stock's 50-day moving average is $483.00 and its two-hundred day moving average is $443.69. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48. Casey's General Stores, Inc. has a 1-year low of $350.52 and a 1-year high of $526.82.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, June 9th. The company reported $2.63 EPS for the quarter, beating the consensus estimate of $1.94 by $0.69. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. Casey's General Stores's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.34 earnings per share. Analysts forecast that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Friday, August 1st. This is an increase from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's dividend payout ratio is currently 15.57%.

About Casey's General Stores

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

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