Zacks Investment Research upgraded shares of Caseys General Stores, Inc. (NASDAQ:CASY) from a sell rating to a hold rating in a report published on Thursday, September 7th.
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. “
A number of other equities analysts have also weighed in on the stock. Jefferies Group LLC reiterated a buy rating and issued a $134.00 price target (down from $139.00) on shares of Caseys General Stores in a research report on Thursday, August 31st. Royal Bank Of Canada set a $116.00 price target on shares of Caseys General Stores and gave the stock a hold rating in a research report on Monday, August 28th. BidaskClub downgraded shares of Caseys General Stores from a hold rating to a sell rating in a report on Thursday, August 17th. William Blair started coverage on shares of Caseys General Stores in a report on Wednesday, July 12th. They issued an outperform rating on the stock. Finally, Deutsche Bank AG set a $120.00 target price on shares of Caseys General Stores and gave the stock a buy rating in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $115.29.
Caseys General Stores (NASDAQ:CASY) opened at 106.75 on Thursday. The stock has a 50 day moving average price of $106.04 and a 200-day moving average price of $109.37. The firm has a market cap of $4.11 billion, a P/E ratio of 23.83 and a beta of 0.50. Caseys General Stores has a 1-year low of $99.76 and a 1-year high of $126.49.
Caseys General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.46. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.70 earnings per share. Equities research analysts forecast that Caseys General Stores will post $4.40 EPS for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, October 31st. Caseys General Stores’s payout ratio is presently 24.53%.
In other news, SVP John C. Soupene sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total value of $106,520.00. Following the transaction, the senior vice president now directly owns 1,253 shares in the company, valued at $133,469.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Karp Capital Management Corp bought a new position in Caseys General Stores during the 1st quarter worth about $1,785,000. Ameriprise Financial Inc. grew its holdings in Caseys General Stores by 1.7% during the 1st quarter. Ameriprise Financial Inc. now owns 160,221 shares of the company’s stock worth $17,985,000 after acquiring an additional 2,732 shares in the last quarter. Sei Investments Co. grew its holdings in Caseys General Stores by 3.7% during the 1st quarter. Sei Investments Co. now owns 65,270 shares of the company’s stock worth $7,327,000 after acquiring an additional 2,309 shares in the last quarter. Pecaut & CO. bought a new position in Caseys General Stores during the 2nd quarter worth about $1,706,000. Finally, State Street Corp grew its holdings in Caseys General Stores by 2.3% during the 1st quarter. State Street Corp now owns 1,081,194 shares of the company’s stock worth $121,356,000 after acquiring an additional 23,935 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.
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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