Scholtz & Company LLC Makes New $2.38 Million Investment in Casey's General Stores, Inc. (NASDAQ:CASY)

Scholtz & Company LLC purchased a new stake in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,993 shares of the company's stock, valued at approximately $2,375,000. Casey's General Stores comprises approximately 1.1% of Scholtz & Company LLC's holdings, making the stock its 27th largest position.

Several other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership purchased a new stake in shares of Casey's General Stores during the 4th quarter valued at about $34,000. Endeavor Private Wealth Inc. bought a new stake in Casey's General Stores during the fourth quarter worth approximately $36,000. MassMutual Private Wealth & Trust FSB raised its position in Casey's General Stores by 24.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after purchasing an additional 29 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Casey's General Stores in the 4th quarter valued at approximately $79,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of Casey's General Stores by 32.9% in the 4th quarter. V Square Quantitative Management LLC now owns 210 shares of the company's stock valued at $83,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. Gordon Haskett upgraded Casey's General Stores from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Evercore ISI boosted their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Royal Bank of Canada set a $438.00 target price on Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Finally, BMO Capital Markets reiterated a "market perform" rating and set a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Casey's General Stores presently has an average rating of "Moderate Buy" and an average price target of $424.00.

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos acquired 256 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now directly owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company's stock.

Casey's General Stores Stock Down 7.4 %

Casey's General Stores stock traded down $33.35 during midday trading on Friday, hitting $415.82. 729,654 shares of the company's stock were exchanged, compared to its average volume of 279,704. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a market cap of $15.43 billion, a PE ratio of 28.98, a P/E/G ratio of 2.40 and a beta of 0.74. The firm has a 50-day moving average of $416.73 and a two-hundred day moving average of $405.02. Casey's General Stores, Inc. has a 12 month low of $306.45 and a 12 month high of $458.92.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company's quarterly revenue was up 17.2% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. As a group, analysts expect that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.48%. Casey's General Stores's dividend payout ratio is presently 13.94%.

About Casey's General Stores

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.