Casey’s General Stores Inc. (CASY) Given Consensus Rating of “Buy” by Analysts
Casey’s General Stores Inc. (NASDAQ:CASY) has been assigned an average rating of “Buy” from the eleven research firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $135.67.
CASY has been the topic of a number of research reports. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Casey’s General Stores in a research report on Thursday, September 8th. Deutsche Bank AG lowered their price target on Casey’s General Stores from $141.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, September 12th. Royal Bank Of Canada increased their price target on Casey’s General Stores from $139.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, September 1st. Barclays PLC started coverage on Casey’s General Stores in a research report on Thursday, September 22nd. They issued an “equal weight” rating and a $116.00 price target for the company. Finally, Jefferies Group increased their price target on Casey’s General Stores from $113.00 to $137.00 and gave the company a “hold” rating in a research report on Monday, August 22nd.
Casey’s General Stores (NASDAQ:CASY) traded down 0.35% during trading on Wednesday, hitting $121.23. 194,164 shares of the company traded hands. The firm has a market capitalization of $4.75 billion, a P/E ratio of 20.68 and a beta of 0.41. Casey’s General Stores has a 12-month low of $98.80 and a 12-month high of $136.22. The stock has a 50-day moving average price of $116.00 and a 200-day moving average price of $122.69.
Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, September 6th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by $0.11. Casey’s General Stores had a return on equity of 21.62% and a net margin of 3.29%. The firm had revenue of $1.97 billion for the quarter. During the same quarter last year, the firm earned $1.57 earnings per share. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts expect that Casey’s General Stores will post $5.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.96 annualized dividend and a dividend yield of 0.79%. Casey’s General Stores’s payout ratio is 16.38%.
In other news, Director Richard A. Wilkey purchased 340 shares of the business’s stock in a transaction dated Wednesday, September 21st. The stock was bought at an average price of $117.80 per share, for a total transaction of $40,052.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at $1,767,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in Casey’s General Stores during the second quarter valued at $132,000. Canada Pension Plan Investment Board purchased a new position in Casey’s General Stores during the third quarter valued at $120,000. Financial Architects Inc purchased a new position in Casey’s General Stores during the third quarter valued at $144,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Casey’s General Stores by 14.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,213 shares of the company’s stock valued at $146,000 after buying an additional 151 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Casey’s General Stores by 3.9% in the second quarter. IFP Advisors Inc now owns 1,321 shares of the company’s stock valued at $174,000 after buying an additional 50 shares during the last quarter. Institutional investors own 87.61% of the company’s stock.
Casey’s General Stores Company Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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