Wealth Enhancement Advisory Services LLC Buys 2,124 Shares of Casey's General Stores, Inc. $CASY

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Casey's General Stores by 65.6%, now holding a total of 5,361 shares valued at approximately $2.77 million.
• Directors and executives recently made notable stock transactions, including Director Mike Spanos purchasing 200 shares at $503.18 per share, while CFO Stephen P. Bramlage, Jr. sold 760 shares at $507.56 per share.
• According to research reports, Casey's General Stores received upgraded ratings and price target increases, with analysts' average target now at $529.10, indicating a consensus of a "Moderate Buy."

Wealth Enhancement Advisory Services LLC grew its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 65.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,361 shares of the company's stock after buying an additional 2,124 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Casey's General Stores were worth $2,773,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc bought a new position in Casey's General Stores during the first quarter valued at $25,000. Global Financial Private Client LLC raised its stake in shares of Casey's General Stores by 325.0% during the first quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock valued at $30,000 after purchasing an additional 52 shares during the period. Summit Securities Group LLC acquired a new stake in Casey's General Stores in the first quarter worth about $32,000. Iron Horse Wealth Management LLC grew its stake in shares of 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 valued at $40,000 after buying an additional 26 shares in the last quarter. Finally, WPG Advisers LLC bought a new position in Casey's General Stores in the first quarter valued at about $47,000. Institutional investors own 85.63% of the company's stock.

Insiders Place Their Bets

In other Casey's General Stores news, Director Mike Spanos purchased 200 shares of the stock in a transaction dated Monday, June 30th. The shares were acquired at an average price of $503.18 per share, for a total transaction of $100,636.00. Following the completion of the acquisition, the director owned 3,560 shares of the company's stock, valued at $1,791,320.80. This represents a 5.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephen P. Bramlage, Jr. sold 760 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total value of $385,745.60. Following the transaction, the chief financial officer owned 25,994 shares of the company's stock, valued at approximately $13,193,514.64. This trade represents a 2.84% decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CASY shares. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Royal Bank Of Canada upped their price target on shares of Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 9th. Stephens reaffirmed an "overweight" rating and issued a $530.00 target price on shares of Casey's General Stores in a report on Tuesday, September 9th. BMO Capital Markets raised their price target on shares of Casey's General Stores from $515.00 to $540.00 and gave the company a "market perform" rating in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Casey's General Stores from $450.00 to $490.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $529.10.

Casey's General Stores Price Performance

NASDAQ:CASY opened at $547.54 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $20.36 billion, a PE ratio of 35.14 and a beta of 0.66. The stock's 50-day moving average price is $522.50 and its 200-day moving average price is $482.83. Casey's General Stores, Inc. has a 52 week low of $363.00 and a 52 week high of $571.57.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating the consensus estimate of $5.02 by $0.75. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. Casey's General Stores had a return on equity of 16.73% and a net margin of 3.54%.The business's revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $4.83 earnings per share. As a group, equities analysts expect that Casey's General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Saturday, November 1st will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.4%. Casey's General Stores's dividend payout ratio (DPR) is presently 14.63%.

Casey's General Stores Company 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.

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