Steele Capital Management Inc. Makes New $250,000 Investment in Casey’s General Stores, Inc. (NASDAQ:CASY)

Steele Capital Management Inc. acquired a new stake in Casey’s General Stores, Inc. (NASDAQ:CASY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 912 shares of the company’s stock, valued at approximately $250,000.

Several other large investors have also modified their holdings of CASY. BKM Wealth Management LLC acquired a new position in shares of Casey’s General Stores in the fourth quarter valued at approximately $29,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Casey’s General Stores during the 4th quarter valued at approximately $36,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Casey’s General Stores in the third quarter valued at approximately $38,000. Milestone Investment Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 3rd quarter worth $43,000. Finally, Blue Trust Inc. boosted its position in shares of Casey’s General Stores by 81.7% during the 4th quarter. Blue Trust Inc. now owns 169 shares of the company’s stock worth $46,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Evercore ISI lowered their target price on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Benchmark reaffirmed a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 6th. Wells Fargo & Company upped 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. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. Finally, BMO Capital Markets raised their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores Trading Down 0.7 %

CASY stock traded down $2.26 on Tuesday, hitting $320.58. 69,170 shares of the company were exchanged, compared to its average volume of 277,050. 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 stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.83. The business’s fifty day moving average is $308.71 and its two-hundred day moving average is $288.19. Casey’s General Stores, Inc. has a twelve month low of $212.50 and a twelve month high of $324.40.

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, topping the consensus estimate 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 company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the business earned $2.36 earnings per share. The business’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts forecast that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current year.

Casey’s General Stores Announces Dividend

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. This represents a $1.72 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.67%.

Casey’s General Stores Profile

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.