kum and go stock

Kum and Go Stock IPO: Can You Invest in This Gas Station?

The following guide answers the question: Can you Buy Kum and Go Stock?

Just like Undervalued Stocks, this convenience store chain could be an enormously profitable investment center. This is similar to QuikTrip

Especially when you take into account the successes of Casey’s General Store which is a major competitor in the Midwest.

Kum & Go is an American chain convenience store offering efficient fuel service at the pumps and delicious fresh food made daily.

Both of which have caused the company to rise in popularity throughout the midwest and rival the other large convenience store chains.

Prior to diving into whether you can invest in Kum & Go, it’s important to understand what Kum & Go is and how it became the giant it is today.

We explore this question of buying Kum and Go Stock below. If IPOs interest you, check out our list of the Best Upcoming IPOs.

What is Kum & Go?

Kum & Go is a chain convenience store company that operates primarily in the midwest.

can you buy kum and go stock

There are over 400 stores in 11 states, including Iowa, Arkansas, Colorado, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, and Wyoming.

Each location offers the amenities that one comes to expect from a convenience store, including fuel, snacks, beverages, adult beverages, and more.

However, Kum & Go differentiates itself from other convenience stores by offering fresh food made in-store daily.

Breakfast options include breakfast pizza by the slice, biscuit sandwiches, croissant sandwiches, and more.

Made throughout the rest of the day are traditional and specialty pizzas sold by the slice or as a whole, hot dogs, egg rolls, cookies, and much more.

what is kum and go

Loyal customers have the opportunity to participate in &Rewards when making purchases at Kum & Go locations.

You can earn 5 points for every $1 spent on qualifying in-store purchases and 2 points on every gallon of fuel.

When 250 points are earned, you get to select your reward, which could include gas, pizza, fountain drinks, coffee, sandwiches, and donuts.

 

History of Kum and Go

In 1959, William A. Krause and Tony S. Gentle founded the Hampton Oil Company in the small town of Hampton, Iowa.

Later, the company was renamed the Krause Gentle Corporation after the two founders.

The company introduced its first convenience stores in 1963 and transitioned its business model to offer both fuel and merchandise items to its customers.

In 1975, the company was renamed Kum & Go as a play on the phrase “Come and go,” but using the initials of the founders within the phrase.

The corporate headquarters were moved to West Des Moines, Iowa, in 1988.

Throughout the 1990s and early 2000s, expansion took place throughout the midwest when the company acquired unwanted store locations from other popular chain convenience stores and converted them to Kum & Go locations.

History of Kum and Go

Johnny Knoxville wore a Kum & Go t-shirt in a scene of the film, Jackass Number Two, which caused merchandise sales in 2006 to skyrocket and brought national notoriety to the convenience store chain.

However, between 2007 and 2008, Kum & Go auctioned off 40 of its smaller stores in less populated areas. Instead of choosing to focus on building up their larger locations.

2010 saw an expansion of 100 stores opening throughout the midwest, including the first in Kansas.

In 2011, the company auctioned off 22 stores in rural midwestern communities and sold them to Casey’s General Stores.

Tanner Krause took over as president of the company in 2018, which led to his father, Kyle Krause, to transition to head the chairman and CEO positions.

Also in 2018, the company’s headquarters was moved to the Krause Gateway Center in downtown Des Moines, Iowa.

Kum & Go ranked #178 on the 2019 Forbes list of largest private companies in the U.S. and #2 in the state of Iowa behind Hy-Vee.

company headquarters

Criticisms and Controversies

An Omaha man claimed he had been racially discriminated against after being denied access to a Kum & Go public restroom in 2004.

A lower court rejected the lawsuit and the decision of that court was upheld by the 8th U.S. Circuit Court of Appeals.

Kum and Go Stock IPO?

You cannot buy stock directly in Kum & Go, nor from its parent company, Krause Group. This is due to the fact that both are privately owned.

Kum and Go Stock IPO?

Kum and Go Stock – Estimated Value

Since Kum & Go is not currently a publicly-traded company, there is not a price to report on how much a single stock in the company would cost.

The most accurate way to determine an initial IPO price would be to compare it to other chain convenience store companies in the industry.

We can use the IPO opening price of companies specializing in this sector to get a range of what to expect for a price when the company does go public.

Casey’s General Stores

  • Opening Price of Stock: $0.87
  • Previous 52 Week High: $226.27

casey's general stores

Murphy USA

  • Opening Price of Stock: $37.30
  • Previous 52 Week High: $155.12

murphy usa stock

Exxon Mobil

  • Opening Price of Stock: $1.75
  • Previous 52 Week High: $64.93

exxon mobil

Chevron

  • Opening Price of Stock: $3.86
  • Previous 52 Week High: $113.11

cheveron stock

BP

  • Opening Price of Stock: $1.86
  • Previous 52 Week High: $28.49

bp stock

Phillip’s 66

  • Opening Price of Stock: $23
  • Previous 52 Week High: $94.34

phillips 66 stock

With a business model that differentiates itself from other convenience stores by offering a clean environment and fresh food for any meal of the day, one could infer that if Kum & Go ever does go public, the price of their IPO could fall somewhere within the opening prices above.

Therefore, it would be safe to assume that its IPO opening price could range from $20 – $40.

Parent Company

Kum & Go is owned by its parent company, Krause Group. An organization that has also remained privately owned.

kum and go stock parent company

The Krause Group also owns several other organizations and companies in addition to Kum & Go.

Below is a list of additional companies that the Krause Group owns:

  • Des Moines Menace Soccer
  • Italian Serie B side Parma
  • Solar Transport
  • Teamwork Ranch
  • Dalla Terra Ranch
  • Two Italian Wineries – Vietti and Enrico Serafino

alternative investments

Alternative Investments

So, you can’t buy stock in Kum & Go, but you’re determined to buy equity in another chain convenience store company. What are some of your alternative options?

  • Casey’s General Stores, Inc. (CASY)
  • Murphy USA (MUSA)
  • Exxon Mobil Corporation (XOM)
  • Chevron (CVX)
  • BP (BP)
  • Phillip’s 66 (PSX)

Can You Buy Stock in Kum and Go Stock?

It is a great question to ask because this chain convenience store company could be an enormously profitable investment center.

Especially when you take into account the continued growth and expansion of the company that is starting to extend outside of the midwest that can be attributed to the efficient service, fair prices, and exceptional food that has combined to make Kum & Go a staple in the daily routine of citizens throughout the midwest.

No, you can’t purchase stock directly in Kum & Go, as this company is owned and operated by the Krause Group. Both entities of which are privately owned.

Kum and Go Stock FAQ

Can you buy Kum and Go Stock?

No, you can’t buy stock in Kum and Go. But with its rapid growth and expansion, the company could go public soon.

When is the Kum and Go IPO?

Kum and Go has not filed for an IPO, as this is a private company.

How Much will Kum and Go Stock Cost?

Although Kum and Go has not filed for an IPO, would be safe to assume that its IPO opening price would fall somewhere in the $20 to $40 range.

Who Owns Kum and Go?

Kum and Go is owned by the Krause Group.