Zacks Investment Management acquired a new position in shares of Casey’s General Stores Inc (NASDAQ:CASY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,985 shares of the company’s stock, valued at approximately $767,000.
A number of other institutional investors and hedge funds have also bought and sold shares of CASY. Enlightenment Research LLC bought a new stake in Casey’s General Stores in the 4th quarter valued at $26,000. Mckinley Capital Management LLC Delaware bought a new stake in Casey’s General Stores in the 4th quarter valued at $29,000. Benjamin F. Edwards & Company Inc. bought a new stake in Casey’s General Stores in the 4th quarter valued at $150,000. Magnus Financial Group LLC bought a new stake in Casey’s General Stores in the 4th quarter valued at $201,000. Finally, Ibex Investors LLC bought a new stake in Casey’s General Stores in the 3rd quarter valued at $206,000. Institutional investors and hedge funds own 89.31% of the company’s stock.
A number of research firms recently weighed in on CASY. BMO Capital Markets set a $130.00 price target on Casey’s General Stores and gave the company a “hold” rating in a research note on Thursday, December 13th. Barclays upped their price objective on Casey’s General Stores from $107.00 to $123.00 and gave the company an “equal weight” rating in a report on Wednesday, December 12th. Sidoti set a $138.00 price objective on Casey’s General Stores and gave the company a “hold” rating in a report on Friday, February 15th. BidaskClub raised Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Finally, Gabelli reaffirmed a “buy” rating on shares of Casey’s General Stores in a report on Wednesday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $133.40.
Shares of NASDAQ CASY opened at $123.80 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.22 and a debt-to-equity ratio of 0.93. Casey’s General Stores Inc has a one year low of $90.42 and a one year high of $138.45. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 2.38 and a beta of 0.46.
Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Monday, March 11th. The company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.18. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.20 billion. Casey’s General Stores had a return on equity of 14.89% and a net margin of 2.14%. Equities analysts forecast that Casey’s General Stores Inc will post 5.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio (DPR) is currently 30.45%.
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About Casey’s General Stores
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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