Nkcfo LLC Invests $769,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Nkcfo LLC purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,800 shares of the company’s stock, valued at approximately $769,000. Casey’s General Stores comprises 0.4% of Nkcfo LLC’s investment portfolio, making the stock its 28th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. LexAurum Advisors LLC increased its stake in shares of Casey’s General Stores by 3.1% during the fourth quarter. LexAurum Advisors LLC now owns 1,317 shares of the company’s stock valued at $362,000 after buying an additional 40 shares during the period. Signaturefd LLC increased its position in Casey’s General Stores by 12.8% during the 3rd quarter. Signaturefd LLC now owns 387 shares of the company’s stock valued at $105,000 after purchasing an additional 44 shares during the period. Savant Capital LLC raised its holdings in shares of Casey’s General Stores by 5.0% in the 3rd quarter. Savant Capital LLC now owns 974 shares of the company’s stock valued at $264,000 after purchasing an additional 46 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Casey’s General Stores by 5.0% in the 4th quarter. Raymond James Trust N.A. now owns 1,034 shares of the company’s stock worth $284,000 after purchasing an additional 49 shares during the period. Finally, Islay Capital Management LLC boosted its stake in shares of Casey’s General Stores by 0.9% during the fourth quarter. Islay Capital Management LLC now owns 5,238 shares of the company’s stock valued at $1,439,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Down 0.8 %

Shares of CASY traded down $2.66 during mid-day trading on Friday, hitting $313.92. 244,078 shares of the company traded hands, compared to its average volume of 308,846. Casey’s General Stores, Inc. has a 1-year low of $212.50 and a 1-year high of $324.40. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $11.62 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82. The business has a 50 day moving average of $310.66 and a 200 day moving average of $289.39.

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

Casey’s General Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued 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 dividend yield of 0.55%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.67%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $312.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Wells Fargo & Company lifted their target price on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Evercore ISI decreased their price target on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, BMO Capital Markets increased their price target on shares of 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores 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.