Marks Group Wealth Management Inc Decreases Stock Holdings in Casey’s General Stores, Inc. $CASY

Marks Group Wealth Management Inc trimmed its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,031 shares of the company’s stock after selling 2,505 shares during the period. Marks Group Wealth Management Inc’s holdings in Casey’s General Stores were worth $6,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Cibc World Market Inc. raised its holdings in shares of Casey’s General Stores by 0.3% during the 4th quarter. Cibc World Market Inc. now owns 5,136 shares of the company’s stock worth $2,839,000 after acquiring an additional 16 shares in the last quarter. FSB Premier Wealth Management Inc. raised its holdings in shares of Casey’s General Stores by 0.8% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,338 shares of the company’s stock worth $1,292,000 after acquiring an additional 18 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in shares of Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Casey’s General Stores by 9.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after acquiring an additional 19 shares in the last quarter. Finally, ORG Partners LLC increased its position in shares of Casey’s General Stores by 47.6% during the 4th quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after purchasing an additional 20 shares during the last quarter. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Casey’s General Stores

In related news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the transaction, the insider owned 4,039 shares of the company’s stock, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mike Spanos acquired 300 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, for a total transaction of $199,629.00. Following the purchase, the director owned 4,499 shares of the company’s stock, valued at $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore reissued an “outperform” rating and set a $915.00 target price on shares of Casey’s General Stores in a research report on Monday, May 18th. JPMorgan Chase & Co. assumed coverage on Casey’s General Stores in a research report on Thursday, March 26th. They set a “neutral” rating and a $719.00 target price on the stock. Jefferies Financial Group boosted their target price on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Stephens reissued an “overweight” rating and set a $680.00 target price on shares of Casey’s General Stores in a research report on Tuesday, March 10th. Finally, Zacks Research raised Casey’s General Stores from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $761.36.

Casey’s General Stores Price Performance

CASY opened at $751.63 on Tuesday. The business has a fifty day moving average of $789.15 and a 200 day moving average of $677.80. Casey’s General Stores, Inc. has a 52-week low of $433.63 and a 52-week high of $901.00. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The stock has a market cap of $27.78 billion, a P/E ratio of 43.15, a PEG ratio of 2.12 and a beta of 0.61.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The company had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the business earned $2.33 EPS. Casey’s General Stores’s revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 18.16 EPS for the current year.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.