Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Acquired by Freedom Investment Management Inc.

Freedom Investment Management Inc. raised its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 11.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,387 shares of the company’s stock after purchasing an additional 139 shares during the quarter. Freedom Investment Management Inc.’s holdings in Casey’s General Stores were worth $521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CASY. Park Place Capital Corp bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $31,000. Advisors Asset Management Inc. bought a new stake in Casey’s General Stores in the first quarter valued at about $32,000. Innealta Capital LLC acquired a new stake in Casey’s General Stores during the second quarter valued at approximately $32,000. Bank & Trust Co acquired a new stake in Casey’s General Stores during the second quarter valued at approximately $40,000. Finally, Venturi Wealth Management LLC lifted its holdings in Casey’s General Stores by 941.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 125 shares of the company’s stock worth $47,000 after buying an additional 113 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Casey’s General Stores

In other news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $374.54, for a total value of $5,056,290.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas P. Brennan, Jr. sold 3,000 shares of Casey’s General Stores stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $380.24, for a total value of $1,140,720.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $420.89 on Friday. Casey’s General Stores, Inc. has a 12-month low of $266.56 and a 12-month high of $435.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.84 and a quick ratio of 0.44. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 30.63 and a beta of 0.79. The business has a 50 day simple moving average of $394.36 and a 200 day simple moving average of $375.06.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $4.52 earnings per share. On average, equities research analysts anticipate that Casey’s General Stores, Inc. will post 14.22 EPS for the current year.

Analyst Upgrades and Downgrades

CASY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target 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. Benchmark reissued a “buy” rating and set a $410.00 target price on shares of Casey’s General Stores in a report on Tuesday, September 10th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 3rd. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Evercore ISI lifted their target price on Casey’s General Stores from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $408.25.

Casey’s General Stores Company 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.