Jackson Creek Investment Advisors LLC Purchases New Holdings in Casey's General Stores, Inc. $CASY

Key Points

• Jackson Creek Investment Advisors opened a new position in Casey's General Stores in the fourth quarter, buying 2,420 shares worth about $1.34 million.
• Institutional ownership remains heavy, with the article noting that 85.63% of Casey's stock is held by hedge funds and other institutional investors. Several other firms also increased their stakes during the quarter.
• Casey's recently reported better-than-expected EPS of $3.49 versus $2.94 consensus, while revenue came in below estimates at $3.92 billion. The company also paid a quarterly dividend of $0.57 per share, and analysts currently rate the stock Moderate Buy on average.

Jackson Creek Investment Advisors 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 SEC. The firm purchased 2,420 shares of the company's stock, valued at approximately $1,338,000.

A number of other large investors also recently bought and sold shares of the business. Integrity Alliance LLC. lifted its position in Casey's General Stores by 3.1% during the 4th quarter. Integrity Alliance LLC. now owns 7,728 shares of the company's stock valued at $4,272,000 after acquiring an additional 234 shares during the period. Dillon & Associates Inc. lifted its position in Casey's General Stores by 2.0% during the 4th quarter. Dillon & Associates Inc. now owns 26,254 shares of the company's stock valued at $14,518,000 after acquiring an additional 517 shares during the period. Harbour Investments Inc. lifted its position in Casey's General Stores by 361.9% during the 4th quarter. Harbour Investments Inc. now owns 5,220 shares of the company's stock valued at $2,885,000 after acquiring an additional 4,090 shares during the period. Eukles Asset Management lifted its position in Casey's General Stores by 1.6% during the 4th quarter. Eukles Asset Management now owns 4,319 shares of the company's stock valued at $2,387,000 after acquiring an additional 66 shares during the period. Finally, Clearstead Advisors LLC lifted its position in Casey's General Stores by 46.3% during the 4th quarter. Clearstead Advisors LLC now owns 177 shares of the company's stock valued at $98,000 after acquiring an additional 56 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey's General Stores Stock Down 3.1%

Shares of Casey's General Stores stock opened at $784.38 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The stock has a market capitalization of $28.99 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.65. Casey's General Stores, Inc. has a 52-week low of $433.16 and a 52-week 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.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.55. The business had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $4.08 billion. Casey's General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.33 earnings per share. On average, analysts anticipate that Casey's General Stores, Inc. will post 18.19 EPS for the current fiscal year.

Casey's General Stores Dividend Announcement

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

Insider Buying and Selling

In related news, Director Mike Spanos acquired 300 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the acquisition, the director directly 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. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of the business'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 transaction of $136,608.00. Following the transaction, the insider directly owned 4,039 shares of the company's stock, valued at $2,758,798.56. The trade was a 4.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CASY shares. Royal Bank Of Canada lifted their price target on shares of Casey's General Stores from $662.00 to $713.00 and gave the company a "sector perform" rating in a research report on Tuesday, March 10th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $700.00 target price on shares of Casey's General Stores in a report on Wednesday, March 4th. Wells Fargo & Company lifted their target price on shares of Casey's General Stores from $745.00 to $910.00 and gave the stock an "overweight" rating in a report on Tuesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Casey's General Stores in a report on Friday, March 27th. Finally, William Blair started coverage on shares of Casey's General Stores in a report on Wednesday, May 20th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $752.36.

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.

Want to see what other hedge funds are holding CASY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casey's General Stores, Inc. (NASDAQ:CASY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.