Moran Wealth Management LLC Boosts Stock Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Moran Wealth Management LLC boosted its holdings in Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,567 shares of the company’s stock after purchasing an additional 389 shares during the period. Moran Wealth Management LLC’s holdings in Casey’s General Stores were worth $4,187,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC increased its stake in Casey’s General Stores by 3.8% in the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock worth $393,305,000 after acquiring an additional 38,226 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Casey’s General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after acquiring an additional 119,350 shares during the period. Geode Capital Management LLC raised its position in Casey’s General Stores by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 655,488 shares of the company’s stock valued at $246,335,000 after purchasing an additional 8,428 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Casey’s General Stores in the 4th quarter worth approximately $236,500,000. Finally, Franklin Resources Inc. raised its position in shares of Casey’s General Stores by 49.9% in the 3rd quarter. Franklin Resources Inc. now owns 524,237 shares of the company’s stock worth $204,861,000 after acquiring an additional 174,586 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the acquisition, the director now owns 3,097 shares of the company’s stock, valued at $1,228,765.72. The trade was a 19.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now owns 2,247 shares in the company, valued at $959,761.11. This represents a 16.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Price Performance

NASDAQ:CASY opened at $381.68 on Tuesday. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.40 and a beta of 0.87. Casey’s General Stores, Inc. has a 1 year low of $290.00 and a 1 year high of $445.17. The business has a 50 day simple moving average of $410.00 and a 200-day simple moving average of $399.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.88 and a quick ratio of 0.49.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the company earned $4.24 EPS. Casey’s General Stores’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities analysts forecast that Casey’s General Stores, Inc. will post 13.94 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on CASY. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Evercore ISI boosted their price target on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Royal Bank of Canada boosted their price target on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 price objective (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. 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 currently has an average rating of “Moderate Buy” and a consensus target price of $424.00.

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.