Jackson Creek Investment Advisors LLC Decreases Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Jackson Creek Investment Advisors LLC decreased its holdings in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,398 shares of the company’s stock after selling 49 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Casey’s General Stores were worth $384,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in Casey’s General Stores during the fourth quarter worth approximately $29,000. McGlone Suttner Wealth Management Inc. acquired a new position in Casey’s General Stores during the fourth quarter worth approximately $36,000. Harvest Fund Management Co. Ltd acquired a new position in Casey’s General Stores during the third quarter worth approximately $38,000. Milestone Investment Advisors LLC acquired a new position in Casey’s General Stores during the third quarter worth approximately $43,000. Finally, Blue Trust Inc. increased its position in Casey’s General Stores by 81.7% during the fourth quarter. Blue Trust Inc. now owns 169 shares of the company’s stock worth $46,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 1.1 %

Shares of CASY stock opened at $319.58 on Wednesday. The business’s fifty day moving average price is $308.71 and its 200 day moving average price is $288.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42. The firm has a market capitalization of $11.83 billion, a PE ratio of 25.40, a P/E/G 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.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. Casey’s General Stores’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.36 earnings per share. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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%.

Analysts Set New Price Targets

CASY has been the topic of several research analyst reports. Benchmark reaffirmed a “buy” rating and set a $312.00 price target on shares of Casey’s General Stores in a research report on Wednesday, March 6th. BMO Capital Markets boosted 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. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Evercore ISI dropped their target price 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, Wells Fargo & Company boosted their target price on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $312.63.

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.