Cwm LLC Has $1.85 Million Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

Cwm LLC raised its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 257.9% in the 4th quarter, HoldingsChannel reports. The fund owned 6,725 shares of the company’s stock after buying an additional 4,846 shares during the quarter. Cwm LLC’s holdings in Casey’s General Stores were worth $1,848,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new stake in Casey’s General Stores in the 4th quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Casey’s General Stores in the 4th quarter valued at about $36,000. Harvest Fund Management Co. Ltd acquired a new stake in Casey’s General Stores in the 3rd quarter valued at about $38,000. Milestone Investment Advisors LLC acquired a new stake in Casey’s General Stores in the 3rd quarter valued at about $43,000. Finally, Blue Trust Inc. increased its position in Casey’s General Stores by 81.7% in the 4th quarter. Blue Trust Inc. now owns 169 shares of the company’s stock valued at $46,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Upgrades and Downgrades

CASY has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and issued a $312.00 target price on shares of Casey’s General Stores in a research note on Wednesday, March 6th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. 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 research note on Wednesday, March 13th. Wells Fargo & Company raised their target price on shares of 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. Finally, Evercore ISI reduced 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 note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $312.63.

Casey’s General Stores Stock Up 0.7 %

Casey’s General Stores stock opened at $317.78 on Friday. The company’s 50 day simple moving average is $307.35 and its 200 day simple moving average is $287.27. Casey’s General Stores, Inc. has a fifty-two week low of $212.50 and a fifty-two week high of $324.40. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 2.51 and a beta of 0.83. 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 released its quarterly earnings data on Tuesday, March 12th. The company reported $2.33 earnings per share 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 business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter last year, the firm earned $2.36 EPS. Casey’s General Stores’s quarterly revenue was down .1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.72 annualized dividend and a yield of 0.54%. Casey’s General Stores’s dividend 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.