Zacks Investment Research lowered shares of Caseys General Stores, Inc. (NASDAQ:CASY) from a hold rating to a sell rating in a research report released on Thursday, August 31st.
According to Zacks, “Casey’s General Stores, Inc. operate convenience stores under the name Casey’s General Store in Midwestern states, primarily Iowa, Missouri and Illinois. The stores carry a broad selection of food (including freshly prepared foods such as pizza, donuts and sandwiches), beverages, tobacco products, health and beauty aids, automotive products and other non-food items. In addition, all stores offer gasoline for sale on a self-service basis. “
Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada set a $116.00 price target on Caseys General Stores and gave the stock a hold rating in a research note on Monday, August 28th. Jefferies Group LLC set a $139.00 price target on Caseys General Stores and gave the stock a buy rating in a research note on Friday, August 25th. BidaskClub cut Caseys General Stores from a hold rating to a sell rating in a research note on Thursday, August 17th. William Blair assumed coverage on Caseys General Stores in a research note on Wednesday, July 12th. They issued an outperform rating for the company. Finally, Deutsche Bank AG set a $120.00 price target on Caseys General Stores and gave the stock a buy rating in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Caseys General Stores presently has an average rating of Hold and a consensus target price of $115.29.
Shares of Caseys General Stores (CASY) traded up 0.82% on Thursday, reaching $106.12. The company’s stock had a trading volume of 145,423 shares. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 23.69 and a beta of 0.50. The stock has a 50-day moving average of $106.08 and a 200 day moving average of $109.45. Caseys General Stores has a 52-week low of $99.76 and a 52-week high of $126.49.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Caseys General Stores will post $4.40 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.99%. The ex-dividend date is Tuesday, October 31st. Caseys General Stores’s dividend payout ratio is presently 24.53%.
In other Caseys General Stores news, SVP Julia L. Jackowski sold 1,000 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $108.09, for a total transaction of $108,090.00. Following the completion of the sale, the senior vice president now owns 21,902 shares of the company’s stock, valued at $2,367,387.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in CASY. Capstone Asset Management Co. grew its holdings in Caseys General Stores by 13.5% during the first quarter. Capstone Asset Management Co. now owns 2,605 shares of the company’s stock valued at $292,000 after purchasing an additional 310 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock worth $270,000 after acquiring an additional 117 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Caseys General Stores by 26.7% in the first quarter. Nationwide Fund Advisors now owns 128,844 shares of the company’s stock worth $14,463,000 after acquiring an additional 27,172 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Caseys General Stores by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 5,450 shares of the company’s stock worth $612,000 after acquiring an additional 139 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Caseys General Stores by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 13,704 shares of the company’s stock worth $1,538,000 after acquiring an additional 200 shares during the period. 99.48% of the stock is owned by institutional investors and hedge funds.
Caseys 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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