2,800 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Bought by Nkcfo LLC

Nkcfo LLC acquired a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,800 shares of the company’s stock, valued at approximately $769,000. Casey’s General Stores comprises 0.4% of Nkcfo LLC’s holdings, making the stock its 28th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new stake in Casey’s General Stores during the fourth quarter worth $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Casey’s General Stores during the fourth quarter worth $36,000. Harvest Fund Management Co. Ltd purchased a new stake in Casey’s General Stores during the third quarter worth $38,000. Milestone Investment Advisors LLC purchased a new stake in Casey’s General Stores during the third quarter worth $43,000. Finally, SRS Capital Advisors Inc. lifted its position in shares of Casey’s General Stores by 283.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the company’s stock valued at $45,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

CASY has been the topic of several recent research reports. BMO Capital Markets upped their price objective on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Benchmark restated a “buy” rating and issued a $312.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Wells Fargo & Company upped their price objective on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Evercore ISI reduced their price objective on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Finally, StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.63.

Casey’s General Stores Trading Down 0.8 %

NASDAQ CASY traded down $2.66 during trading hours on Friday, hitting $313.92. 244,078 shares of the company’s stock were exchanged, compared to its average volume of 308,846. The business’s 50 day moving average is $310.66 and its 200-day moving average is $289.39. Casey’s General Stores, Inc. has a 12-month low of $212.50 and a 12-month high of $324.40. The firm has a market capitalization of $11.62 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.89.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the prior year, the business posted $2.36 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts anticipate that Casey’s General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.55%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.67%.

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.