4,413 Shares in Casey’s General Stores, Inc. (NASDAQ:CASY) Purchased by F M Investments LLC

F M Investments LLC purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,413 shares of the company’s stock, valued at approximately $1,212,000.

A number of other large investors have also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new stake in Casey’s General Stores in the 4th quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Casey’s General Stores in the 4th quarter worth approximately $36,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Casey’s General Stores in the 3rd quarter worth approximately $38,000. Pinnacle Bancorp Inc. lifted its position in shares of Casey’s General Stores by 44.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 144 shares of the company’s stock worth $39,000 after purchasing an additional 44 shares during the period. Finally, Milestone Investment Advisors LLC purchased a new stake in shares of Casey’s General Stores in the 3rd quarter worth approximately $43,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CASY. Evercore ISI reduced their price objective on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Benchmark reiterated a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a research note on Wednesday, March 6th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. BMO Capital Markets boosted their price objective on shares of Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $312.63.

Casey’s General Stores Stock Performance

Casey’s General Stores stock traded down $0.16 during mid-day trading on Tuesday, reaching $313.32. 255,652 shares of the company traded hands, compared to its average volume of 280,811. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. Casey’s General Stores, Inc. has a fifty-two week low of $212.50 and a fifty-two week high of $324.40. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 2.49 and a beta of 0.83. The firm’s fifty day moving average is $306.08 and its two-hundred day moving average is $286.85.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the business posted $2.36 EPS. Casey’s General Stores’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities research analysts expect that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.55%. Casey’s General Stores’s payout ratio is 13.67%.

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. 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.