Jump Financial LLC Buys New Position in Casey’s General Stores, Inc. (NASDAQ:CASY)

Jump Financial LLC purchased a new position in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,100 shares of the company’s stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in Casey’s General Stores during the fourth quarter worth approximately $29,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Casey’s General Stores during the 4th quarter worth $36,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Casey’s General Stores during the third quarter worth $38,000. Milestone Investment Advisors LLC purchased a new stake in shares of Casey’s General Stores in the third quarter valued at $43,000. Finally, SRS Capital Advisors Inc. increased its stake in Casey’s General Stores by 283.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 165 shares of the company’s stock valued at $45,000 after purchasing an additional 122 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Stock Performance

Shares of CASY stock opened at $343.14 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. The company has a market cap of $12.70 billion, a PE ratio of 27.28, a P/E/G ratio of 2.45 and a beta of 0.82. The company’s fifty day simple moving average is $320.73 and its 200-day simple moving average is $296.29. Casey’s General Stores, Inc. has a 52 week low of $212.50 and a 52 week high of $344.61.

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, beating the consensus estimate of $2.20 by $0.13. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.36 EPS. As a group, equities research analysts anticipate that Casey’s General Stores, Inc. will post 12.81 EPS for the current year.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $1.72 annualized dividend and a dividend yield of 0.50%. Casey’s General Stores’s payout ratio is currently 13.67%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CASY shares. Wells Fargo & Company raised their price target on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Northcoast Research cut shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 15th. Evercore ISI dropped their price target on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. StockNews.com lowered shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Finally, Benchmark restated a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $312.63.

Casey’s General Stores Company 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.