Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Purchased by WD Rutherford LLC

WD Rutherford LLC grew its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,240 shares of the company’s stock after purchasing an additional 160 shares during the period. WD Rutherford LLC’s holdings in Casey’s General Stores were worth $927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley boosted its holdings in Casey’s General Stores by 7.7% during the 3rd quarter. Morgan Stanley now owns 1,585,359 shares of the company’s stock valued at $430,458,000 after acquiring an additional 113,437 shares during the period. FMR LLC grew its holdings in shares of Casey’s General Stores by 5.6% in the third quarter. FMR LLC now owns 732,623 shares of the company’s stock valued at $198,922,000 after purchasing an additional 38,722 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Casey’s General Stores by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 559,532 shares of the company’s stock worth $151,924,000 after buying an additional 18,528 shares in the last quarter. Copeland Capital Management LLC boosted its position in Casey’s General Stores by 0.6% in the 3rd quarter. Copeland Capital Management LLC now owns 339,196 shares of the company’s stock valued at $92,098,000 after buying an additional 1,889 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Casey’s General Stores by 142.8% in the third quarter. Envestnet Asset Management Inc. now owns 242,923 shares of the company’s stock worth $65,959,000 after acquiring an additional 142,884 shares in the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Casey’s General Stores Price Performance

Shares of NASDAQ:CASY opened at $320.03 on Friday. 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, Inc. has a one year low of $212.50 and a one year high of $324.40. The company has a 50-day simple moving average of $307.99 and a 200-day simple moving average of $287.60. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 25.44, a PEG 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, beating the consensus estimate of $2.20 by $0.13. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. Casey’s General Stores had a net margin of 3.23% and a return on equity of 16.70%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.36 earnings per share. On average, analysts predict that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.54%. Casey’s General Stores’s dividend payout ratio is currently 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.