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

Apollon Wealth Management LLC boosted its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 31.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614 shares of the company’s stock after purchasing an additional 146 shares during the quarter. Apollon Wealth Management LLC’s holdings in Casey’s General Stores were worth $313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CASY. West Bancorporation Inc. bought a new stake in Casey’s General Stores during the second quarter worth about $278,000. Inspire Investing LLC raised its holdings in shares of Casey’s General Stores by 2.4% during the 2nd quarter. Inspire Investing LLC now owns 5,224 shares of the company’s stock valued at $2,666,000 after buying an additional 124 shares in the last quarter. PDS Planning Inc purchased a new position in shares of Casey’s General Stores during the 2nd quarter valued at about $228,000. Monument Capital Management raised its holdings in shares of Casey’s General Stores by 3.0% during the 2nd quarter. Monument Capital Management now owns 8,107 shares of the company’s stock valued at $4,137,000 after buying an additional 238 shares in the last quarter. Finally, Horizon Bancorp Inc. IN purchased a new position in shares of Casey’s General Stores during the 2nd quarter valued at about $383,000. Institutional investors own 85.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company initiated coverage on shares of Casey’s General Stores in a research report on Wednesday. They set an “overweight” rating and a $610.00 price target on the stock. Royal Bank Of Canada upped their price objective on shares of Casey’s General Stores from $468.00 to $542.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 9th. Evercore ISI boosted their price target on shares of Casey’s General Stores from $560.00 to $580.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. KeyCorp lifted their price objective on Casey’s General Stores from $550.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Jefferies Financial Group raised their price target on Casey’s General Stores from $575.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $536.10.

Casey’s General Stores Stock Up 1.0%

NASDAQ CASY opened at $567.05 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.03 and a quick ratio of 0.61. The stock has a market capitalization of $21.08 billion, a PE ratio of 36.40 and a beta of 0.68. Casey’s General Stores, Inc. has a 1 year low of $372.08 and a 1 year high of $572.18. The business’s 50-day moving average is $534.08 and its 200 day moving average is $497.77.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping the consensus estimate of $5.02 by $0.75. Casey’s General Stores had a return on equity of 16.73% and a net margin of 3.54%.The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.47 billion. During the same quarter last year, the business posted $4.83 EPS. The business’s revenue was up 11.5% on a year-over-year basis. Sell-side analysts forecast 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. Shareholders of record on Saturday, November 1st will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey’s General Stores’s payout ratio is presently 14.63%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, insider Chad Michael Frazell sold 3,487 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $555.40, for a total transaction of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. The trade was a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

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.