Casey’s General Stores, Inc. (NASDAQ:CASY) Given Average Rating of “Moderate Buy” by Analysts

Casey’s General Stores, Inc. (NASDAQ:CASY) has been given an average rating of “Moderate Buy” by the sixteen research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $752.3636.

A number of brokerages have issued reports on CASY. KeyCorp upped their target price on Casey’s General Stores from $830.00 to $860.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. BMO Capital Markets reissued a “market perform” rating and issued a $700.00 price target on shares of Casey’s General Stores in a research note on Wednesday, March 4th. Jefferies Financial Group increased their price target on Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research note on Friday, March 27th. Finally, UBS Group increased their price target on Casey’s General Stores from $600.00 to $706.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th.

Insider Activity

In other news, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider owned 4,039 shares of the company’s stock, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mike Spanos purchased 300 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $665.43 per share, with a total value of $199,629.00. Following the purchase, the director owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Casey’s General Stores

Several institutional investors and hedge funds have recently made changes to their positions in CASY. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Casey’s General Stores during the 3rd quarter valued at about $25,000. Westside Investment Management Inc. boosted its position in shares of Casey’s General Stores by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after purchasing an additional 23 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in shares of Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after purchasing an additional 19 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Casey’s General Stores by 350.0% during the 4th quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Casey’s General Stores during the 3rd quarter valued at about $33,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

Shares of CASY opened at $780.97 on Friday. Casey’s General Stores has a 12-month low of $433.16 and a 12-month high of $901.00. The business has a 50-day simple moving average of $778.55 and a two-hundred day simple moving average of $666.89. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The stock has a market cap of $28.86 billion, a PE ratio of 44.83, a PEG ratio of 2.17 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.55. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts anticipate that Casey’s General Stores will post 18.19 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 13.09%.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.