Benjamin Edwards Inc. Purchases 123,502 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

Benjamin Edwards Inc. boosted its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 1,819.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,291 shares of the company’s stock after purchasing an additional 123,502 shares during the period. Casey’s General Stores comprises approximately 0.7% of Benjamin Edwards Inc.’s investment portfolio, making the stock its 27th biggest position. Benjamin Edwards Inc. owned 0.35% of Casey’s General Stores worth $48,959,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Casey’s General Stores in the third quarter valued at about $959,880,000. Millennium Management LLC boosted its stake in shares of Casey’s General Stores by 3,846.1% in the 2nd quarter. Millennium Management LLC now owns 172,320 shares of the company’s stock valued at $65,750,000 after purchasing an additional 176,920 shares in the last quarter. Bridges Investment Management Inc. boosted its stake in shares of Casey’s General Stores by 110.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 177,190 shares of the company’s stock valued at $67,609,000 after purchasing an additional 92,813 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Casey’s General Stores by 189.1% during the 2nd quarter. American Century Companies Inc. now owns 132,375 shares of the company’s stock valued at $50,509,000 after purchasing an additional 86,582 shares during the last quarter. Finally, EULAV Asset Management lifted its stake in Casey’s General Stores by 196.3% in the 3rd quarter. EULAV Asset Management now owns 128,000 shares of the company’s stock valued at $48,091,000 after purchasing an additional 84,800 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CASY shares. Wells Fargo & Company increased their price target on Casey’s General Stores from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft boosted their price target on Casey’s General Stores from $451.00 to $454.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $300.00 to $337.00 in a report on Thursday, September 19th. Melius Research initiated coverage on shares of Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $410.00 price target on shares of Casey’s General Stores in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $408.25.

Insiders Place Their Bets

In related news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total value of $5,056,290.00. Following the sale, the chief executive officer now owns 73,838 shares in the company, valued at $27,655,284.52. This represents a 15.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $3,438,890.56. The trade was a 24.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Stock Down 0.0 %

Casey’s General Stores stock opened at $420.89 on Monday. The company has a market capitalization of $15.62 billion, a PE ratio of 30.63 and a beta of 0.79. Casey’s General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $435.60. The firm’s fifty day moving average is $395.42 and its 200 day moving average is $375.88. The company has a quick ratio of 0.44, a current ratio of 0.84 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.29. Casey’s General Stores had a net margin of 3.40% and a return on equity of 17.07%. The firm 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 business earned $4.52 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Casey’s General Stores, Inc. will post 14.22 EPS for the current fiscal year.

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.