Shares of Casey's General Stores Inc (NASDAQ:CASY) have earned an average rating of “Buy” from the eleven ratings firms that are currently covering the company. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $131.43.

CASY has been the topic of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $139.00 price objective on shares of Casey's General Stores in a research report on Thursday, March 16th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Casey's General Stores in a research report on Tuesday, January 3rd. Feltl & Co. downgraded Casey's General Stores from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 8th. BMO Capital Markets set a $115.00 price objective on Casey's General Stores and gave the company a “hold” rating in a research report on Wednesday, January 25th. Finally, Zacks Investment Research raised Casey's General Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, January 3rd.

Casey's General Stores (NASDAQ:CASY) traded up 0.14% on Tuesday, hitting $112.46. 336,727 shares of the company traded hands. The firm’s 50 day moving average price is $111.20 and its 200 day moving average price is $116.30. The firm has a market capitalization of $4.41 billion, a PE ratio of 22.90 and a beta of 0.46. Casey's General Stores has a 1-year low of $107.43 and a 1-year high of $136.22.



Casey's General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 6th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.32. The business earned $1.77 billion during the quarter, compared to the consensus estimate of $1.81 billion. Casey's General Stores had a net margin of 2.98% and a return on equity of 18.75%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Equities research analysts predict that Casey's General Stores will post $4.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, April 27th. Casey's General Stores’s payout ratio is 18.11%.

In other news, Director William C. Kimball sold 2,000 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $108.99, for a total transaction of $217,980.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William J. Walljasper sold 2,200 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $108.74, for a total value of $239,228.00. Following the transaction, the vice president now directly owns 22,109 shares in the company, valued at approximately $2,404,132.66. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Capstone Asset Management Co. increased its position in Casey's General Stores by 8.4% in the third quarter. Capstone Asset Management Co. now owns 4,365 shares of the company’s stock worth $524,000 after buying an additional 340 shares during the last quarter. Iowa State Bank increased its position in Casey's General Stores by 6.9% in the third quarter. Iowa State Bank now owns 3,100 shares of the company’s stock worth $372,000 after buying an additional 200 shares during the last quarter. Boston Advisors LLC increased its position in Casey's General Stores by 2.0% in the third quarter. Boston Advisors LLC now owns 6,784 shares of the company’s stock worth $815,000 after buying an additional 135 shares during the last quarter. Paragon Capital Management LLC increased its position in Casey's General Stores by 1.5% in the third quarter. Paragon Capital Management LLC now owns 96,002 shares of the company’s stock worth $11,534,000 after buying an additional 1,410 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its position in Casey's General Stores by 3.3% in the third quarter. Commonwealth Equity Services Inc now owns 7,774 shares of the company’s stock worth $934,000 after buying an additional 247 shares during the last quarter. 90.10% of the stock is currently owned by institutional investors and hedge funds.

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About Casey's General Stores

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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