Casey’s General Stores, Inc. (NASDAQ:CASY) Given Consensus Rating of “Hold” by Brokerages

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have been given an average rating of “Hold” by the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $223.09.

CASY has been the subject of several research analyst reports. Stephens upped their price objective on shares of Casey’s General Stores from $215.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, June 4th. Royal Bank of Canada upped their price objective on shares of Casey’s General Stores from $217.00 to $233.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 31st. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Casey’s General Stores from $246.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, September 9th. Jefferies Financial Group restated a “buy” rating and issued a $237.00 price objective on shares of Casey’s General Stores in a research note on Thursday, September 9th. Finally, BMO Capital Markets upgraded shares of Casey’s General Stores from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $200.00 to $235.00 in a research note on Monday, July 26th.

Shares of CASY stock traded down $3.32 on Tuesday, reaching $191.28. 185,383 shares of the stock were exchanged, compared to its average volume of 210,334. The company has a current ratio of 0.91, a quick ratio of 0.45 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average price is $197.93 and its 200 day moving average price is $207.30. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 22.91 and a beta of 0.88. Casey’s General Stores has a twelve month low of $165.38 and a twelve month high of $229.18.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, September 6th. The company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.53. Casey’s General Stores had a net margin of 3.18% and a return on equity of 16.15%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm posted $3.24 earnings per share. Casey’s General Stores’s revenue for the quarter was up 51.2% on a year-over-year basis. Equities research analysts forecast that Casey’s General Stores will post 8.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Stockholders of record on Monday, November 1st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, October 29th. Casey’s General Stores’s dividend payout ratio is presently 16.23%.

In other Casey’s General Stores news, Director Diane C. Bridgewater sold 3,000 shares of the stock in a transaction dated Monday, June 21st. The shares were sold at an average price of $199.65, for a total value of $598,950.00. Following the completion of the transaction, the director now directly owns 10,187 shares of the company’s stock, valued at $2,033,834.55. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Julia L. Jackowski sold 5,726 shares of the stock in a transaction dated Tuesday, July 6th. The shares were sold at an average price of $192.66, for a total transaction of $1,103,171.16. Following the completion of the transaction, the insider now directly owns 16,891 shares of the company’s stock, valued at $3,254,220.06. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Allred Capital Management LLC purchased a new position in Casey’s General Stores in the first quarter valued at about $44,000. Eaton Vance Management purchased a new position in Casey’s General Stores in the first quarter valued at about $46,000. Column Capital Advisors LLC purchased a new position in Casey’s General Stores in the first quarter valued at about $51,000. Signaturefd LLC increased its holdings in Casey’s General Stores by 43.6% in the first quarter. Signaturefd LLC now owns 270 shares of the company’s stock valued at $58,000 after buying an additional 82 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new position in Casey’s General Stores in the first quarter valued at about $61,000. 82.84% of the stock is owned by institutional investors.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

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Analyst Recommendations for Casey`s General Stores (NASDAQ:CASY)

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