GWN Securities Inc. Acquires New Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

GWN Securities Inc. acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,135 shares of the company’s stock, valued at approximately $878,000.

Several other institutional investors also recently made changes to their positions in CASY. Atria Investments Inc lifted its position in Casey’s General Stores by 3.2% in the third quarter. Atria Investments Inc now owns 3,198 shares of the company’s stock worth $1,201,000 after purchasing an additional 100 shares during the period. Venturi Wealth Management LLC raised its stake in Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the period. Entropy Technologies LP acquired a new stake in Casey’s General Stores during the 3rd quarter valued at $251,000. Harbour Investments Inc. raised its stake in Casey’s General Stores by 9.8% during the 3rd quarter. Harbour Investments Inc. now owns 972 shares of the company’s stock valued at $365,000 after purchasing an additional 87 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Casey’s General Stores by 1.4% in the third quarter. Victory Capital Management Inc. now owns 127,262 shares of the company’s stock worth $47,814,000 after acquiring an additional 1,701 shares during the last quarter. 85.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Mike Spanos acquired 256 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the completion of the acquisition, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Up 2.8 %

NASDAQ CASY opened at $395.63 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The firm has a 50-day simple moving average of $409.52 and a 200 day simple moving average of $399.85. Casey’s General Stores, Inc. has a twelve month low of $303.95 and a twelve month high of $445.17. The stock has a market cap of $14.69 billion, a PE ratio of 27.57, a PEG ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.57. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter last year, the company earned $2.33 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. On average, research analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.51%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.94%.

Analyst Ratings Changes

CASY has been the subject of a number of recent research reports. StockNews.com cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, March 8th. BMO Capital Markets reiterated a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Evercore ISI decreased their price objective on shares of Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada set a $438.00 price objective on shares of Casey’s General Stores and gave the stock a “sector perform” rating in a report on Wednesday. Finally, Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $423.09.

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.