SRS Capital Advisors Inc. Grows Stock Holdings in Casey’s General Stores, Inc. (NASDAQ:CASY)

SRS Capital Advisors Inc. increased its stake in Casey’s General Stores, Inc. (NASDAQ:CASY) by 283.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165 shares of the company’s stock after purchasing an additional 122 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Casey’s General Stores were worth $45,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CASY. BKM Wealth Management LLC purchased a new stake in Casey’s General Stores in the fourth quarter worth about $29,000. McGlone Suttner Wealth Management Inc. purchased a new position in Casey’s General Stores during the 4th quarter valued at approximately $36,000. Harvest Fund Management Co. Ltd bought a new stake in Casey’s General Stores in the 3rd quarter worth approximately $38,000. Milestone Investment Advisors LLC purchased a new stake in shares of Casey’s General Stores during the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. boosted its position in shares of Casey’s General Stores by 81.7% during 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 during the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 0.8 %

Shares of CASY stock opened at $313.92 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $310.66 and a 200-day simple moving average of $289.39. Casey’s General Stores, Inc. has a fifty-two week low of $212.50 and a fifty-two week high of $324.40. The stock has a market cap of $11.62 billion, a P/E ratio of 24.95, a P/E/G ratio of 2.28 and a beta of 0.82.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same period in the prior year, the firm earned $2.36 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts forecast that Casey’s General Stores, Inc. will post 12.81 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.55%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio (DPR) is presently 13.67%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets raised their price target on Casey’s General Stores from $290.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. StockNews.com downgraded Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 21st. Benchmark reaffirmed a “buy” rating and set a $312.00 target price on shares of Casey’s General Stores in a research report on Wednesday, March 6th. Wells Fargo & Company upped their price objective on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Finally, Evercore ISI decreased their price target 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 stock. According to data from MarketBeat.com, the company currently has an average 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.