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

Scholtz & Company LLC acquired a new position in shares of Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,993 shares of the company's stock, valued at approximately $2,375,000. Casey's General Stores accounts for about 1.1% of Scholtz & Company LLC's holdings, making the stock its 27th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in shares of Casey's General Stores in the fourth quarter valued at approximately $34,000. Endeavor Private Wealth Inc. bought a new position in Casey's General Stores in the 4th quarter valued at $36,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Casey's General Stores by 24.2% during the 4th 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 last quarter. Heck Capital Advisors LLC bought a new stake in shares of Casey's General Stores in the 4th quarter worth approximately $79,000. Finally, V Square Quantitative Management LLC lifted its stake in Casey's General Stores by 32.9% in the fourth 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. 85.63% of the stock is owned by institutional investors.

Casey's General Stores Stock Performance

Shares of NASDAQ CASY traded up $5.29 during trading on Thursday, reaching $449.17. 663,943 shares of the company traded hands, compared to its average volume of 277,238. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a market cap of $16.67 billion, a P/E ratio of 31.30, a PEG ratio of 2.40 and a beta of 0.87. The firm's fifty day simple moving average is $416.64 and its 200 day simple moving average is $404.57. Casey's General Stores, Inc. has a 12-month low of $306.45 and a 12-month high of $460.16.

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Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The company had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey's General Stores's quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 EPS. As a group, research analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.00 annualized dividend and a yield of 0.45%. Casey's General Stores's dividend payout ratio is presently 13.94%.

Insiders Place Their Bets

In other Casey's General Stores news, Director Mike Spanos bought 256 shares of Casey's General Stores stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $390.54 per share, for a total transaction of $99,978.24. Following the acquisition, the director now directly owns 3,356 shares in the company, valued at $1,310,652.24. This represents a 8.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CASY shares. BMO Capital Markets reiterated a "market perform" rating and set a $450.00 target price (up previously from $400.00) on shares of Casey's General Stores in a research report on Wednesday, December 18th. 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. Gordon Haskett raised Casey's General Stores from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Evercore ISI raised their price objective on Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, StockNews.com downgraded shares of Casey's General Stores from a "buy" rating to a "hold" rating in a report on Saturday, March 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $424.00.

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.