PAX Financial Group LLC Buys 250 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

PAX Financial Group LLC grew its position in Casey’s General Stores, Inc. (NASDAQ:CASY) by 21.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,397 shares of the company’s stock after acquiring an additional 250 shares during the period. PAX Financial Group LLC’s holdings in Casey’s General Stores were worth $554,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. YANKCOM Partnership acquired a new stake in Casey’s General Stores during the 4th quarter worth approximately $34,000. Endeavor Private Wealth Inc. bought a new position in shares of Casey’s General Stores during the fourth quarter valued at $36,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Casey’s General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Casey’s General Stores in the fourth quarter worth $79,000. Finally, V Square Quantitative Management LLC increased its holdings in Casey’s General Stores by 32.9% in the fourth quarter. V Square Quantitative Management LLC now owns 210 shares of the company’s stock valued at $83,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CASY. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. Royal Bank of Canada set a $438.00 target price on Casey’s General Stores and gave the company a “sector perform” rating in a report on Wednesday, March 12th. Gordon Haskett upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Evercore ISI upped their price objective on shares of Casey’s General Stores from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, BMO Capital Markets reissued a “market perform” rating and set a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $424.00.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos bought 256 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now directly owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. The trade was a 8.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.

Casey’s General Stores Trading Down 7.4 %

CASY opened at $415.82 on Friday. The company has a fifty day moving average price of $416.73 and a two-hundred day moving average price of $404.81. Casey’s General Stores, Inc. has a 1-year low of $306.45 and a 1-year high of $458.92. The company has a market cap of $15.43 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.57. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.74 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.33 EPS. Analysts predict that Casey’s General Stores, Inc. will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Thursday, May 1st. Casey’s General Stores’s dividend payout ratio is currently 13.94%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.