CW Advisors LLC Has $15.03 Million Stock Position in Casey’s General Stores, Inc. $CASY

CW Advisors LLC cut its stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,446 shares of the company’s stock after selling 4,617 shares during the period. CW Advisors LLC owned approximately 0.08% of Casey’s General Stores worth $15,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new position in Casey’s General Stores in the first quarter valued at about $32,000. Nvwm LLC bought a new stake in shares of Casey’s General Stores in the 2nd quarter valued at about $32,000. Rossby Financial LCC raised its position in shares of Casey’s General Stores by 580.0% in the 2nd quarter. Rossby Financial LCC now owns 68 shares of the company’s stock valued at $35,000 after acquiring an additional 58 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Casey’s General Stores during the 2nd quarter worth approximately $42,000. Finally, WPG Advisers LLC acquired a new position in Casey’s General Stores during the first quarter valued at approximately $47,000. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CASY. BMO Capital Markets increased their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Jefferies Financial Group upped their price objective on shares of Casey’s General Stores from $575.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Stephens lifted their target price on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday. Wells Fargo & Company increased their price target on Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Zacks Research lowered Casey’s General Stores from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 21st. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores has an average rating of “Moderate Buy” and a consensus target price of $575.78.

Insiders Place Their Bets

In other news, insider Chad Michael Frazell sold 3,487 shares of Casey’s General Stores 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 sale, the insider directly owned 7,993 shares in the company, valued at $4,439,312.20. This trade represents a 30.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

Casey’s General Stores Price Performance

Shares of NASDAQ CASY opened at $555.30 on Thursday. The company has a fifty day moving average price of $548.31 and a 200 day moving average price of $520.29. The firm has a market cap of $20.65 billion, a PE ratio of 35.64 and a beta of 0.65. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 0.65. Casey’s General Stores, Inc. has a 1-year low of $372.08 and a 1-year high of $573.76.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, September 8th. The company reported $5.77 EPS for the quarter, beating analysts’ consensus estimates of $5.02 by $0.75. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The company’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.83 earnings per share. Research analysts predict that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

About Casey’s General Stores

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.