Casey's General Stores (CASY) Given a $122.00 Price Target at BMO Capital Markets
Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Casey's General Stores from a strong-buy rating to a buy rating in a research report on Wednesday, January 24th. Stephens set a $150.00 target price on shares of Casey's General Stores and gave the company a buy rating in a research report on Friday, January 12th. Gabelli started coverage on shares of Casey's General Stores in a research report on Friday, February 16th. They set a buy rating and a $162.00 target price on the stock. Zacks Investment Research upgraded shares of Casey's General Stores from a hold rating to a buy rating and set a $131.00 target price on the stock in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada restated a hold rating on shares of Casey's General Stores in a research report on Friday, December 8th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Casey's General Stores currently has an average rating of Hold and an average price target of $123.18.
Casey's General Stores (NASDAQ:CASY) opened at $110.80 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.72 and a debt-to-equity ratio of 0.98. Casey's General Stores has a 52-week low of $99.76 and a 52-week high of $128.51. The stock has a market cap of $4,158.99, a PE ratio of 12.91, a price-to-earnings-growth ratio of 2.10 and a beta of 0.58.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, April 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.94%. Casey's General Stores’s dividend payout ratio is 12.12%.
Casey's General Stores announced that its Board of Directors has authorized a share repurchase plan on Wednesday, March 7th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Cara Kay Heiden purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were acquired at an average cost of $109.77 per share, for a total transaction of $439,080.00. Following the transaction, the director now directly owns 5,043 shares of the company’s stock, valued at approximately $553,570.11. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC bought a new stake in Casey's General Stores during the 4th quarter worth approximately $105,000. Amundi Pioneer Asset Management Inc. bought a new stake in Casey's General Stores during the 4th quarter worth approximately $133,000. Zions Bancorporation bought a new stake in Casey's General Stores during the 3rd quarter worth approximately $164,000. Aristotle Atlantic Partners LLC bought a new stake in Casey's General Stores during the 4th quarter worth approximately $204,000. Finally, Franklin Resources Inc. bought a new stake in Casey's General Stores during the 4th quarter worth approximately $222,000. Institutional investors and hedge funds own 97.33% of the company’s stock.
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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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