WealthPlan Investment Management LLC Buys 4,902 Shares of Casey's General Stores, Inc. (NASDAQ:CASY)

WealthPlan Investment Management LLC raised its stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 13.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,123 shares of the company's stock after buying an additional 4,902 shares during the quarter. Casey's General Stores comprises about 1.6% of WealthPlan Investment Management LLC's investment portfolio, making the stock its 12th biggest holding. WealthPlan Investment Management LLC owned about 0.11% of Casey's General Stores worth $15,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of Casey's General Stores in the first quarter worth $794,000. Bailard Inc. purchased a new position in shares of Casey's General Stores in the second quarter worth $1,021,000. Marks Group Wealth Management Inc purchased a new position in shares of Casey's General Stores in the third quarter worth $5,489,000. SG Americas Securities LLC purchased a new position in shares of Casey's General Stores in the second quarter worth $2,183,000. Finally, Cetera Investment Advisers raised its stake in shares of Casey's General Stores by 255.8% in the first quarter. Cetera Investment Advisers now owns 9,291 shares of the company's stock worth $2,959,000 after purchasing an additional 6,680 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CASY. Wells Fargo & Company upped their price objective on Casey's General Stores from $415.00 to $425.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Evercore ISI increased their price objective on shares of Casey's General Stores from $435.00 to $440.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Melius Research began coverage on shares of Casey's General Stores in a research report on Monday, September 23rd. They set a "buy" rating and a $435.00 target price for the company. JPMorgan Chase & Co. downgraded shares of Casey's General Stores from a "neutral" rating to an "underweight" rating and increased their price target for the stock from $300.00 to $337.00 in a research report on Thursday, September 19th. Finally, Gordon Haskett began coverage on shares of Casey's General Stores in a research report on Monday, November 4th. They set a "hold" rating and a $400.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $408.25.

Casey's General Stores Price Performance

Casey's General Stores stock traded up $2.52 during mid-day trading on Tuesday, hitting $413.49. The stock had a trading volume of 58,372 shares, compared to its average volume of 268,637. Casey's General Stores, Inc. has a one year low of $266.56 and a one year high of $420.27. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $15.35 billion, a P/E ratio of 29.91 and a beta of 0.79. The firm's 50 day moving average is $383.05 and its 200 day moving average is $367.39.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, topping analysts' consensus estimates of $4.54 by $0.29. Casey's General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the company posted $4.52 earnings per share. The business's quarterly revenue was up 5.9% compared to the same quarter last year. On average, sell-side analysts forecast that Casey's General Stores, Inc. will post 14.24 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, November 1st. Casey's General Stores's payout ratio is currently 14.56%.

Insider Transactions at Casey's General Stores

In related news, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $380.24, for a total transaction of $1,140,720.00. Following the completion of the transaction, the insider now directly owns 9,044 shares of the company's stock, valued at approximately $3,438,890.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Darren M. Rebelez sold 13,500 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the sale, the chief executive officer now directly owns 73,838 shares of the company's stock, valued at $27,655,284.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $380.24, for a total value of $1,140,720.00. Following the transaction, the insider now owns 9,044 shares of the company's stock, valued at $3,438,890.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.