Casey’s General Stores, Inc. (NASDAQ:CASY) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC cut its position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,398 shares of the company’s stock after selling 49 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Casey’s General Stores were worth $384,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Impax Asset Management Group plc acquired a new position in shares of Casey’s General Stores in the 4th quarter worth $2,596,000. Comerica Bank acquired a new position in shares of Casey’s General Stores in the 3rd quarter worth $5,834,000. Quantbot Technologies LP acquired a new position in shares of Casey’s General Stores in the 3rd quarter worth $1,336,000. Lord Abbett & CO. LLC acquired a new position in shares of Casey’s General Stores in the 3rd quarter worth $21,993,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Casey’s General Stores by 114.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 6,297 shares of the company’s stock worth $1,710,000 after acquiring an additional 3,356 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CASY has been the topic of a number of recent research reports. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. BMO Capital Markets raised their target price on Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Benchmark reaffirmed a “buy” rating and issued a $312.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Evercore ISI decreased their target price on 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. Finally, Wells Fargo & Company raised their target price 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $312.63.

Casey’s General Stores Price Performance

CASY opened at $319.58 on Wednesday. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.59 and a beta of 0.83. 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 current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $308.71 and a 200 day moving average price of $288.19.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data 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. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $2.36 earnings per share. Analysts forecast that Casey’s General Stores, Inc. will post 12.81 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.72 dividend on an annualized basis and a yield of 0.54%. 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.