Syon Capital LLC Invests $331,000 in Casey’s General Stores, Inc. (NASDAQ:CASY)

Syon Capital LLC bought a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,205 shares of the company’s stock, valued at approximately $331,000.

A number of other large investors have also modified their holdings of CASY. BKM Wealth Management LLC purchased a new position in shares of Casey’s General Stores during the 4th quarter worth approximately $29,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Casey’s General Stores during the 4th quarter worth approximately $36,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Casey’s General Stores during the 3rd quarter worth approximately $38,000. Milestone Investment Advisors LLC acquired a new stake in shares of Casey’s General Stores in the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. grew its holdings in shares of Casey’s General Stores by 81.7% in the 4th quarter. Blue Trust Inc. now owns 169 shares of the company’s stock worth $46,000 after acquiring an additional 76 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Price Performance

CASY stock opened at $320.03 on Friday. Casey’s General Stores, Inc. has a 52-week low of $212.50 and a 52-week high of $324.40. The stock’s fifty day simple moving average is $307.99 and its 200-day simple moving average is $287.68. 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 stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 2.55 and a beta of 0.83.

Casey’s General Stores (NASDAQ:CASY) last issued 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 business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the company posted $2.36 EPS. The business’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts expect that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.67%.

Analysts Set New Price Targets

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