Apollon Wealth Management LLC Purchases 146 Shares of Casey’s General Stores, Inc. $CASY

Apollon Wealth Management LLC lifted its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 31.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 614 shares of the company’s stock after acquiring an additional 146 shares during the period. Apollon Wealth Management LLC’s holdings in Casey’s General Stores were worth $313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CASY. Summit Securities Group LLC bought a new stake in shares of Casey’s General Stores during the 1st quarter valued at $32,000. Iron Horse Wealth Management LLC increased its stake in shares of Casey’s General Stores by 40.0% during the first quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company’s stock valued at $40,000 after purchasing an additional 26 shares in the last quarter. WPG Advisers LLC bought a new position in shares of Casey’s General Stores during the first quarter valued at approximately $47,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Casey’s General Stores by 242.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 96 shares of the company’s stock valued at $49,000 after purchasing an additional 68 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Casey’s General Stores in the 1st quarter worth approximately $59,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. The Goldman Sachs Group boosted their target price on Casey’s General Stores from $450.00 to $490.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Royal Bank Of Canada increased their price target on shares of Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a report on Wednesday, July 9th. Evercore ISI lifted their price objective on Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. BMO Capital Markets boosted their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a research note on Wednesday, September 10th. Finally, Wells Fargo & Company assumed coverage on Casey’s General Stores in a report on Wednesday. They issued an “overweight” rating and a $610.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $536.10.

Insider Transactions at Casey’s General Stores

In related news, insider Chad Michael Frazell sold 3,487 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were 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 directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This represents a 30.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Up 1.0%

Shares of CASY stock opened at $567.05 on Friday. Casey’s General Stores, Inc. has a 12 month low of $372.08 and a 12 month high of $572.18. The stock has a market cap of $21.08 billion, a P/E ratio of 36.40 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 company has a 50 day simple moving average of $534.08 and a two-hundred day simple moving average of $497.77.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data 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 net margin of 3.54% and a return on equity of 16.73%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.83 EPS. On average, research analysts expect that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is 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.