Jackson Creek Investment Advisors LLC Takes $1.34 Million Position in Casey’s General Stores, Inc. $CASY

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,420 shares of the company’s stock, valued at approximately $1,338,000.

Several other hedge funds have also recently made changes to their positions in CASY. North Dakota State Investment Board bought a new stake in Casey’s General Stores during the fourth quarter valued at approximately $720,000. Advisors Capital Management LLC grew its position in Casey’s General Stores by 4.4% during the third quarter. Advisors Capital Management LLC now owns 48,355 shares of the company’s stock valued at $27,336,000 after buying an additional 2,026 shares during the period. Thrivent Financial for Lutherans grew its position in Casey’s General Stores by 1.0% during the third quarter. Thrivent Financial for Lutherans now owns 191,156 shares of the company’s stock valued at $108,065,000 after buying an additional 1,950 shares during the period. GSA Capital Partners LLP grew its position in Casey’s General Stores by 61.6% during the third quarter. GSA Capital Partners LLP now owns 2,572 shares of the company’s stock valued at $1,454,000 after buying an additional 980 shares during the period. Finally, AE Wealth Management LLC grew its position in Casey’s General Stores by 82.3% during the third quarter. AE Wealth Management LLC now owns 2,574 shares of the company’s stock valued at $1,456,000 after buying an additional 1,162 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on CASY shares. BMO Capital Markets restated a “market perform” rating and set a $700.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 4th. William Blair started coverage on shares of Casey’s General Stores in a research report on Wednesday, May 20th. They set an “outperform” rating for the company. Jefferies Financial Group boosted their target price on shares of Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. UBS Group boosted their target price on shares of Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Casey’s General Stores from $530.00 to $605.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $752.36.

Insider Buying and Selling

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider directly owned 4,039 shares in the company, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mike Spanos purchased 300 shares of the company’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Stock Performance

CASY opened at $784.38 on Thursday. The firm has a market cap of $28.99 billion, a P/E ratio of 45.03, a PEG ratio of 2.24 and a beta of 0.65. Casey’s General Stores, Inc. has a 1-year low of $433.16 and a 1-year high of $901.00. The company has a 50 day simple moving average of $776.77 and a two-hundred day simple moving average of $665.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.04 and a quick ratio of 0.64.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $2.33 earnings per share. Equities analysts forecast that Casey’s General Stores, Inc. will post 18.19 earnings per share for the current fiscal year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, May 1st. Casey’s General Stores’s dividend payout ratio is presently 13.09%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.