Peterson Financial Group Inc. Makes New Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

Peterson Financial Group Inc. bought a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 314 shares of the company’s stock, valued at approximately $118,000.

Other large investors have also added to or reduced their stakes in the company. Park Place Capital Corp bought a new position in Casey’s General Stores in the second quarter worth about $31,000. Advisors Asset Management Inc. acquired a new position in shares of Casey’s General Stores during the first quarter valued at about $32,000. Innealta Capital LLC acquired a new position in shares of Casey’s General Stores during the second quarter valued at about $32,000. Bank & Trust Co acquired a new position in shares of Casey’s General Stores during the second quarter valued at about $40,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Casey’s General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after acquiring an additional 113 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Darren M. Rebelez sold 13,500 shares of the 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 transaction, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. This trade represents a 15.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mike Spanos bought 267 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were acquired at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the transaction, the director now directly owns 2,594 shares in the company, valued at approximately $975,810.92. This represents a 11.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the topic of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Benchmark restated a “buy” rating and set a $410.00 price objective on shares of Casey’s General Stores in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Melius Research began coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 price objective on the stock. Finally, StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $408.25.

Casey’s General Stores Trading Down 1.1 %

Casey’s General Stores stock opened at $401.40 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44. Casey’s General Stores, Inc. has a 12 month low of $266.56 and a 12 month high of $420.27. The stock’s 50 day simple moving average is $386.44 and its two-hundred day simple moving average is $369.51. The firm has a market cap of $14.90 billion, a PE ratio of 29.21 and a beta of 0.79.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate 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 business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the firm posted $4.52 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts anticipate that Casey’s General Stores, Inc. will post 14.24 earnings per share for the current year.

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.50%. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

Casey’s General Stores 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.