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.

Casey's General Stores (NASDAQ:CASY) last released its earnings results on Monday, December 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.12). Casey's General Stores had a return on equity of 13.42% and a net margin of 2.02%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the prior year, the business earned $1.44 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. analysts forecast that Casey's General Stores will post 4.2 EPS for the current year.

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.

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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.

Analyst Recommendations for Casey's General Stores (NASDAQ:CASY)

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