Meridian Wealth Management LLC Takes Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Meridian Wealth Management LLC bought a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 708 shares of the company’s stock, valued at approximately $281,000.

Other large investors have also recently modified their holdings of the company. YANKCOM Partnership bought a new position in shares of Casey’s General Stores during the 4th quarter valued at approximately $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey’s General Stores during the 4th quarter valued at approximately $36,000. Venturi Wealth Management LLC increased its position in shares of Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock valued at $47,000 after purchasing an additional 113 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Casey’s General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock valued at $59,000 after purchasing an additional 29 shares during the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of Casey’s General Stores during the 3rd quarter valued at approximately $76,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $404.82 on Thursday. Casey’s General Stores, Inc. has a twelve month low of $290.00 and a twelve month high of $445.17. The stock has a market capitalization of $15.03 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 2.40 and a beta of 0.87. The stock has a fifty day simple moving average of $410.62 and a two-hundred day simple moving average of $399.02. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

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

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos purchased 500 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the purchase, the director now owns 3,097 shares in the company, valued at $1,228,765.72. This represents a 19.25 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 450 shares of the stock in a transaction dated 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 sale, the insider now owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. This trade 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on CASY shares. Royal Bank of Canada upped their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. 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 upped their price objective on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. 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 research report on Wednesday, December 18th. Finally, StockNews.com downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. One equities research 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’s stock. According to data from MarketBeat.com, Casey’s General Stores currently has a consensus 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.