Kera Capital Partners Inc. Acquires New Shares in Casey’s General Stores, Inc. $CASY

Kera Capital Partners Inc. acquired a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 851 shares of the company’s stock, valued at approximately $516,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Casey’s General Stores by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 760,438 shares of the company’s stock valued at $420,416,000 after purchasing an additional 52,250 shares during the period. North Dakota State Investment Board bought a new position in Casey’s General Stores in the 4th quarter worth about $720,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Casey’s General Stores in the fourth quarter valued at approximately $1,338,000. PNC Financial Services Group Inc. increased its stake in shares of Casey’s General Stores by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 140,491 shares of the company’s stock valued at $77,651,000 after purchasing an additional 3,553 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of Casey’s General Stores by 57.9% in the fourth quarter. Intech Investment Management LLC now owns 18,800 shares of the company’s stock valued at $10,391,000 after purchasing an additional 6,894 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Price Performance

CASY stock opened at $842.25 on Friday. The firm’s 50-day moving average is $812.00 and its two-hundred day moving average is $695.95. The company has a market capitalization of $31.13 billion, a price-to-earnings ratio of 43.96, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. Casey’s General Stores, Inc. has a 52 week low of $490.00 and a 52 week high of $927.85. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.31 by $1.06. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The business’s revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $2.63 earnings per share. On average, analysts forecast that Casey’s General Stores, Inc. will post 20.9 earnings per share for the current fiscal year.

Casey’s General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Saturday, August 1st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 11.90%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Casey’s General Stores from $719.00 to $975.00 and gave the stock a “neutral” rating in a research report on Friday, June 12th. UBS Group raised their target price on Casey’s General Stores from $805.00 to $945.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Morgan Stanley upgraded Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,000.00 target price on shares of Casey’s General Stores in a research note on Monday, June 15th. Finally, Royal Bank Of Canada increased their price target on Casey’s General Stores from $792.00 to $794.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 10th. Eleven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $925.25.

Casey’s General Stores 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.