Valmark Advisers Inc. Purchases 21 Shares of Casey’s General Stores, Inc. $CASY

Valmark Advisers Inc. lifted its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,404 shares of the company’s stock after acquiring an additional 21 shares during the quarter. Valmark Advisers Inc.’s holdings in Casey’s General Stores were worth $2,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in Casey’s General Stores in the 1st quarter worth about $32,000. Iron Horse Wealth Management LLC boosted its stake in 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 worth $40,000 after purchasing an additional 26 shares during the period. WPG Advisers LLC bought a new position in Casey’s General Stores in the 1st quarter worth about $47,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Casey’s General Stores by 242.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock worth $49,000 after purchasing an additional 68 shares during the period. Finally, Wayfinding Financial LLC bought a new position in Casey’s General Stores in the 1st quarter worth about $59,000. Institutional investors own 85.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CASY shares. Evercore ISI raised their target price on Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. BMO Capital Markets raised their target price on Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. Weiss Ratings restated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Wednesday. Royal Bank Of Canada raised their target price on Casey’s General Stores from $468.00 to $542.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 9th. Finally, The Goldman Sachs Group lifted their price target on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $533.10.

Insiders Place Their Bets

In related news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the completion of the sale, the insider owned 7,993 shares in the company, valued at $4,439,312.20. The trade was a 30.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by insiders.

Casey’s General Stores Stock Performance

Shares of CASY opened at $553.74 on Thursday. The company has a market cap of $20.59 billion, a PE ratio of 35.54 and a beta of 0.68. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average price of $528.31 and a 200-day moving average price of $491.32. Casey’s General Stores, Inc. has a 12-month low of $372.08 and a 12-month high of $571.57.

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

Casey’s General Stores Announces Dividend

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

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.