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

Aspen Capital Management LLC purchased a new position in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 702 shares of the company's stock, valued at approximately $305,000.

Several other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc purchased a new stake in shares of Casey's General Stores in the first quarter worth $25,000. Global Financial Private Client LLC boosted its stake in shares of Casey's General Stores by 325.0% during the 1st quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after purchasing an additional 52 shares during the period. Iron Horse Wealth Management LLC boosted its stake in shares of Casey's General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after purchasing an additional 26 shares during the period. Whipplewood Advisors LLC lifted its holdings in Casey's General Stores by 160.0% during the 1st quarter. Whipplewood Advisors LLC now owns 117 shares of the company's stock valued at $51,000 after buying an additional 72 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Casey's General Stores during the 1st quarter valued at about $59,000. 85.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Casey's General Stores

In related news, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $509.21, for a total value of $4,317,082.38. Following the sale, the chief financial officer directly owned 26,754 shares in the company, valued at $13,623,404.34. The trade was a 24.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chad Michael Frazell sold 4,808 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $503.97, for a total transaction of $2,423,087.76. Following the completion of the sale, the insider owned 11,480 shares in the company, valued at $5,785,575.60. This represents a 29.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,646 shares of company stock worth $22,136,614. Company insiders own 0.56% of the company's stock.

Casey's General Stores Stock Up 1.0%

Casey's General Stores stock traded up $5.30 during trading on Wednesday, reaching $528.72. The stock had a trading volume of 117,170 shares, compared to its average volume of 306,088. The company has a quick ratio of 0.48, a current ratio of 0.92 and a debt-to-equity ratio of 0.69. Casey's General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $530.28. The business has a 50 day moving average price of $486.44 and a 200 day moving average price of $445.42. The stock has a market cap of $19.66 billion, a PE ratio of 36.16 and a beta of 0.69.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.69. The company had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $3.95 billion. Casey's General Stores had a net margin of 3.43% and a return on equity of 16.28%. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $2.34 earnings per share. On average, analysts predict that Casey's General Stores, Inc. will post 13.94 EPS for the current year.

Casey's General Stores Increases Dividend

The company 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 is a boost from Casey's General Stores's previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, August 1st. Casey's General Stores's payout ratio is currently 15.57%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank Of Canada boosted their price objective on shares of Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 9th. Stephens restated an "overweight" rating and set a $490.00 price objective on shares of Casey's General Stores in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Evercore ISI upped their price objective on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Finally, Wells Fargo & Company upped their price objective on shares of Casey's General Stores from $460.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $465.25.

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.