Zacks Investment Research upgraded shares of Caseys General Stores, Inc. (NASDAQ:CASY) from a sell rating to a hold rating in a research note published on Monday.
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. “
CASY has been the topic of a number of other reports. Jefferies Group LLC set a $139.00 price target on shares of Caseys General Stores and gave the stock a buy rating in a research note on Saturday, July 22nd. BidaskClub upgraded shares of Caseys General Stores from a sell rating to a hold rating in a research note on Saturday, August 5th. Finally, Royal Bank Of Canada set a $118.00 price target on shares of Caseys General Stores and gave the stock a hold rating in a research note on Sunday, August 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $115.29.
Caseys General Stores (NASDAQ:CASY) traded up $2.07 during midday trading on Monday, reaching $116.83. 229,900 shares of the company’s stock were exchanged, compared to its average volume of 491,537. The company has a current ratio of 0.99, a quick ratio of 0.48 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $4,430.00, a price-to-earnings ratio of 27.07, a PEG ratio of 2.46 and a beta of 0.45. Caseys General Stores has a one year low of $99.76 and a one year high of $126.49.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, meeting analysts’ consensus estimates of $1.46. The company had revenue of $2.09 billion for 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%. Caseys General Stores’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 earnings per share. research analysts anticipate that Caseys General Stores will post 4.31 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Tuesday, October 31st. Caseys General Stores’s dividend payout ratio is currently 24.53%.
In related news, SVP Brian Joseph Johnson sold 1,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.01, for a total transaction of $108,010.00. Following the sale, the senior vice president now owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its holdings in Caseys General Stores by 56.7% during the second quarter. BNP Paribas Arbitrage SA now owns 16,839 shares of the company’s stock worth $1,804,000 after buying an additional 6,093 shares in the last quarter. Crawford Investment Counsel Inc. purchased a new stake in shares of Caseys General Stores in the second quarter valued at about $1,629,000. Janus Henderson Group PLC purchased a new stake in shares of Caseys General Stores in the second quarter valued at about $162,421,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Caseys General Stores by 4.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 47,170 shares of the company’s stock valued at $5,052,000 after purchasing an additional 2,163 shares in the last quarter. Finally, Pecaut & CO. purchased a new stake in shares of Caseys General Stores in the second quarter valued at about $1,706,000. 98.58% of the stock is currently owned by hedge funds and other institutional investors.
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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