Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,875 shares of the company’s stock after acquiring an additional 161 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Casey’s General Stores were worth $1,139,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. HighPoint Advisor Group LLC increased its stake in shares of Casey’s General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock valued at $628,000 after purchasing an additional 25 shares during the period. Dark Forest Capital Management LP grew its holdings in Casey’s General Stores by 3.2% in the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company’s stock worth $357,000 after buying an additional 28 shares in the last quarter. Harbour Investments Inc. increased its position in Casey’s General Stores by 3.1% in the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company’s stock valued at $397,000 after acquiring an additional 30 shares during the period. Laidlaw Wealth Management LLC raised its stake in Casey’s General Stores by 3.1% during the 4th quarter. Laidlaw Wealth Management LLC now owns 1,063 shares of the company’s stock valued at $421,000 after acquiring an additional 32 shares in the last quarter. Finally, M&T Bank Corp boosted its position in Casey’s General Stores by 2.1% during the 4th quarter. M&T Bank Corp now owns 1,802 shares of the company’s stock worth $714,000 after acquiring an additional 37 shares during the period. 85.63% of the stock is currently owned by institutional investors.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, with a total value of $99,978.24. Following the purchase, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. The trade was a 8.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Katrina S. Lindsey sold 250 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the completion of the transaction, the insider now owns 2,443 shares in the company, valued at $1,067,615.43. This represents a 9.28% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada set a $438.00 price target on Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. Stephens raised shares of Casey’s General Stores to a “strong-buy” rating in a research note on Monday, April 7th. Evercore ISI upped their price target on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, KeyCorp initiated coverage on Casey’s General Stores in a research note on Friday, April 11th. They set an “overweight” rating and a $500.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $430.33.

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $444.04 on Monday. The stock’s fifty day simple moving average is $447.69 and its 200 day simple moving average is $424.20. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 30.94, a PEG ratio of 2.40 and a beta of 0.65. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey’s General Stores, Inc. has a 52-week low of $322.78 and a 52-week high of $474.97.

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

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.