Meridian Wealth Management LLC Purchases Shares of 708 Casey’s General Stores, Inc. (NASDAQ:CASY)

Meridian Wealth Management LLC purchased a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 708 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Casey’s General Stores in the fourth quarter valued at about $95,000. Jones Financial Companies Lllp increased its holdings in shares of Casey’s General Stores by 76.2% in the fourth quarter. Jones Financial Companies Lllp now owns 4,175 shares of the company’s stock valued at $1,654,000 after purchasing an additional 1,805 shares during the period. Bailard Inc. increased its holdings in shares of Casey’s General Stores by 2.4% in the fourth quarter. Bailard Inc. now owns 2,900 shares of the company’s stock valued at $1,149,000 after purchasing an additional 68 shares during the period. Williamson Legacy Group LLC acquired a new position in shares of Casey’s General Stores in the fourth quarter valued at about $318,000. Finally, Private Trust Co. NA increased its holdings in shares of Casey’s General Stores by 2.4% in the fourth quarter. Private Trust Co. NA now owns 2,122 shares of the company’s stock valued at $841,000 after purchasing an additional 50 shares during the period. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CASY shares. Deutsche Bank Aktiengesellschaft increased their price objective on Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Evercore ISI raised their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $424.00.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the sale, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos bought 500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average price of $396.76 per share, for a total transaction of $198,380.00. Following the transaction, the director now owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. This represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Stock Down 0.8 %

Shares of CASY opened at $404.82 on Thursday. 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, Inc. has a 12 month low of $290.00 and a 12 month high of $445.17. The stock’s 50 day moving average is $410.62 and its two-hundred day moving average is $399.02. The firm has a market cap of $15.03 billion, a P/E ratio of 28.21, a PEG ratio of 2.40 and a beta of 0.87.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the company earned $4.24 earnings per share. Casey’s General Stores’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

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.