Caseys General Stores, Inc. (CASY) Receives Average Rating of “Hold” from Analysts
Shares of Caseys General Stores, Inc. (NASDAQ:CASY) have received a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $115.29.
CASY has been the subject of several analyst reports. Jefferies Group LLC set a $139.00 target price on Caseys General Stores and gave the stock a “buy” rating in a report on Saturday, July 22nd. Deutsche Bank AG set a $120.00 target price on Caseys General Stores and gave the stock a “buy” rating in a report on Tuesday, June 6th. Barclays PLC reduced their target price on Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, June 7th. BMO Capital Markets set a $116.00 target price on Caseys General Stores and gave the stock a “hold” rating in a report on Wednesday, May 31st. Finally, Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a report on Friday, August 4th.
Caseys General Stores (NASDAQ CASY) traded up 1.42% during mid-day trading on Friday, hitting $106.75. 652,688 shares of the stock were exchanged. The company has a 50 day moving average price of $106.04 and a 200 day moving average price of $109.37. Caseys General Stores has a 52 week low of $99.76 and a 52 week high of $126.49. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 23.83 and a beta of 0.50.
Caseys General Stores (NASDAQ:CASY) last posted its 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 analyst estimates of $2.16 billion. During the same period in the previous year, the company earned $1.70 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts expect that Caseys General Stores will post $4.40 EPS for the current fiscal year.
The firm 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 dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. Caseys General Stores’s dividend payout ratio (DPR) is presently 24.53%.
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In other news, SVP Julia L. Jackowski sold 1,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 21,902 shares in the company, valued at $2,367,387.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Karp Capital Management Corp acquired a new position in shares of Caseys General Stores during the first quarter worth approximately $1,785,000. Ameriprise Financial Inc. lifted its holdings in shares of Caseys General Stores by 1.7% during the first quarter. Ameriprise Financial Inc. now owns 160,221 shares of the company’s stock worth $17,985,000 after buying an additional 2,732 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Caseys General Stores by 3.7% during the first quarter. Sei Investments Co. now owns 65,270 shares of the company’s stock worth $7,327,000 after buying an additional 2,309 shares during the last quarter. Pecaut & CO. acquired a new position in shares of Caseys General Stores during the second quarter worth approximately $1,706,000. Finally, State Street Corp lifted its holdings in shares of Caseys General Stores by 2.3% during the first quarter. State Street Corp now owns 1,081,194 shares of the company’s stock worth $121,356,000 after buying an additional 23,935 shares during the last quarter. Institutional investors own 99.48% 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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