WD Rutherford LLC Buys 160 Shares of Casey’s General Stores, Inc. (NASDAQ:CASY)

WD Rutherford LLC grew its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 5.2% in the fourth quarter, HoldingsChannel reports. The fund owned 3,240 shares of the company’s stock after acquiring an additional 160 shares during the period. WD Rutherford LLC’s holdings in Casey’s General Stores were worth $927,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. BKM Wealth Management LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $29,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Casey’s General Stores during the fourth quarter valued at $36,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Casey’s General Stores during the third quarter valued at $38,000. Pinnacle Bancorp Inc. boosted its holdings in Casey’s General Stores by 44.0% in the third quarter. Pinnacle Bancorp Inc. now owns 144 shares of the company’s stock valued at $39,000 after acquiring an additional 44 shares during the last quarter. Finally, Milestone Investment Advisors LLC acquired a new stake in Casey’s General Stores in the third quarter worth about $43,000. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Casey’s General Stores Trading Up 0.7 %

NASDAQ:CASY opened at $320.03 on Friday. The firm has a fifty day simple moving average of $307.99 and a two-hundred day simple moving average of $287.60. Casey’s General Stores, Inc. has a 12 month low of $212.50 and a 12 month high of $324.40. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.55 and a beta of 0.83. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54.

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

Casey’s General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.43 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is presently 13.67%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore ISI cut 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. BMO Capital Markets boosted their price target 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. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Wells Fargo & Company increased their price objective 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. Finally, Benchmark reaffirmed a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.63.

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.