Cumberland Partners Ltd Buys Shares of 2,250 Casey’s General Stores, Inc. (NASDAQ:CASY)

Cumberland Partners Ltd purchased a new position in Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,250 shares of the company’s stock, valued at approximately $618,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CASY. GAMMA Investing LLC purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth about $85,000. Wedge Capital Management L L P NC grew its position in shares of Casey’s General Stores by 17.3% during the fourth quarter. Wedge Capital Management L L P NC now owns 167,817 shares of the company’s stock worth $46,106,000 after purchasing an additional 24,789 shares in the last quarter. Monument Capital Management purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth about $1,526,000. Duality Advisers LP purchased a new stake in shares of Casey’s General Stores during the fourth quarter worth about $247,000. Finally, CWM LLC grew its position in shares of Casey’s General Stores by 257.9% during the fourth quarter. CWM LLC now owns 6,725 shares of the company’s stock worth $1,848,000 after purchasing an additional 4,846 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Benchmark reissued a “buy” rating and set a $312.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 6th. Evercore ISI dropped their price target on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. BMO Capital Markets increased their price target on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company increased their price target on Casey’s General Stores from $305.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $312.63.

Casey’s General Stores Trading Up 1.1 %

Shares of NASDAQ:CASY traded up $3.31 during trading on Wednesday, hitting $316.63. The company had a trading volume of 131,290 shares, compared to its average volume of 278,865. The stock has a market cap of $11.72 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 2.51 and a beta of 0.83. 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 fifty day simple moving average of $306.08 and a two-hundred day simple moving average of $286.85. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.89 and a quick ratio of 0.42.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.13. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period last year, the company earned $2.36 EPS. Casey’s General Stores’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts forecast that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

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