Northwest Wealth Management LLC Grows Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Northwest Wealth Management LLC boosted its holdings in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 79.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,592 shares of the company's stock after buying an additional 2,476 shares during the quarter. Northwest Wealth Management LLC's holdings in Casey's General Stores were worth $2,427,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CASY. Versant Capital Management Inc purchased a new position in Casey's General Stores during the first quarter valued at approximately $25,000. Global Financial Private Client LLC grew 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. Whipplewood Advisors LLC increased its holdings in shares of 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 purchasing an additional 72 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Casey's General Stores during the 4th quarter valued at approximately $79,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Casey's General Stores in the 4th quarter valued at $87,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Chad Michael Frazell sold 4,808 shares of Casey's General Stores stock in a transaction on 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 transaction, the insider owned 11,480 shares in the company, valued at $5,785,575.60. The trade was a 29.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mike Spanos purchased 200 shares of the stock in a transaction dated Monday, June 30th. The shares were purchased at an average cost of $503.18 per share, for a total transaction of $100,636.00. Following the transaction, the director owned 3,560 shares in the company, valued at approximately $1,791,320.80. The trade was a 5.95% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 43,896 shares of company stock valued at $22,245,866. Insiders own 0.56% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CASY shares. BMO Capital Markets lifted their price objective on shares of Casey's General Stores from $450.00 to $515.00 and gave the company a "market perform" rating in a report on Wednesday, June 11th. Evercore ISI lifted their price target on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Wall Street Zen upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Stephens reissued 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, Wells Fargo & Company upped their target price on Casey's General Stores from $460.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Casey's General Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.00.

Casey's General Stores Price Performance

CASY stock traded up $5.93 during midday trading on Thursday, reaching $516.85. The stock had a trading volume of 173,672 shares, compared to its average volume of 302,150. Casey's General Stores, Inc. has a 52-week low of $350.52 and a 52-week high of $664.17. The company has a market cap of $19.22 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 2.56 and a beta of 0.69. The company's fifty day simple moving average is $468.38 and its 200 day simple moving average is $434.09. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69.

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

Casey's General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.57 per share. 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 dividend yield of 0.44%. The ex-dividend date is Friday, August 1st. Casey's General Stores's payout ratio is currently 15.57%.

Casey's General Stores Profile

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.