Casey's General Stores Inc (CASY) Receives Average Rating of “Hold” from Analysts
Casey's General Stores Inc (NASDAQ:CASY) has received a consensus rating of “Hold” from the fifteen research firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $124.43.
A number of analysts have issued reports on CASY shares. Zacks Investment Research downgraded Casey's General Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Stephens set a $150.00 target price on Casey's General Stores and gave the stock a “buy” rating in a research report on Friday, January 12th. Raymond James Financial reissued a “market perform” rating on shares of Casey's General Stores in a research report on Wednesday, December 6th. Barclays reissued a “hold” rating on shares of Casey's General Stores in a research report on Friday, December 15th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Casey's General Stores in a research report on Friday, December 8th.
Casey's General Stores (NASDAQ:CASY) traded up $1.27 during trading hours on Wednesday, reaching $112.53. The company’s stock had a trading volume of 370,200 shares, compared to its average volume of 442,289. The company has a quick ratio of 0.72, a current ratio of 1.23 and a debt-to-equity ratio of 1.13. Casey's General Stores has a twelve month low of $99.76 and a twelve month high of $128.51. The stock has a market capitalization of $4,230.00, a P/E ratio of 27.58, a P/E/G ratio of 1.93 and a beta of 0.51.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Wednesday, January 31st. Casey's General Stores’s dividend payout ratio (DPR) is presently 25.49%.
Several hedge funds and other institutional investors have recently made changes to their positions in CASY. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Casey's General Stores in the fourth quarter valued at $133,000. Zions Bancorporation purchased a new position in shares of Casey's General Stores in the third quarter valued at $164,000. Aristotle Atlantic Partners LLC purchased a new position in shares of Casey's General Stores in the fourth quarter valued at $204,000. Crossmark Global Holdings Inc. purchased a new position in shares of Casey's General Stores in the third quarter valued at $264,000. Finally, Trexquant Investment LP purchased a new position in shares of Casey's General Stores in the third quarter valued at $267,000. Institutional investors own 95.12% of the company’s stock.
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.
Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.