Caseys General Stores, Inc. (CASY) Given Average Rating of “Hold” by Analysts
Caseys General Stores, Inc. (NASDAQ:CASY) has been given an average rating of “Hold” by the thirteen brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $115.29.
Several research firms recently commented on CASY. Zacks Investment Research raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a report on Monday, August 14th. BidaskClub lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Jefferies Group LLC reaffirmed a “buy” rating and set a $139.00 target price on shares of Caseys General Stores in a report on Tuesday, June 20th. Finally, Royal Bank Of Canada set a $118.00 target price on shares of Caseys General Stores and gave the company a “hold” rating in a report on Sunday, August 13th.
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Shares of Caseys General Stores (NASDAQ:CASY) traded up 2.26% during mid-day trading on Thursday, hitting $112.60. 270,403 shares of the company traded hands. Caseys General Stores has a 1-year low of $99.76 and a 1-year high of $126.49. The stock has a market capitalization of $4.27 billion, a PE ratio of 26.61 and a beta of 0.51. The firm’s 50 day moving average price is $107.67 and its 200-day moving average price is $109.11.
Caseys General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.46. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the firm earned $1.70 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Caseys General Stores will post $4.40 EPS for the current year.
The company 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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, October 31st. Caseys General Stores’s dividend payout ratio (DPR) is presently 24.53%.
In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the sale, the senior vice president now owns 8,229 shares of the company’s stock, valued at approximately $888,814.29. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Caseys General Stores by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,489,016 shares of the company’s stock worth $373,709,000 after acquiring an additional 48,059 shares during the last quarter. BlackRock Inc. grew its holdings in Caseys General Stores by 14,288.2% in the 1st quarter. BlackRock Inc. now owns 3,093,329 shares of the company’s stock worth $347,227,000 after acquiring an additional 3,071,830 shares during the last quarter. Iridian Asset Management LLC CT grew its holdings in Caseys General Stores by 9.2% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,553,345 shares of the company’s stock worth $166,379,000 after acquiring an additional 131,245 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Caseys General Stores in the 2nd quarter worth $162,421,000. Finally, Clearbridge Investments LLC grew its holdings in Caseys General Stores by 23.6% in the 1st quarter. Clearbridge Investments LLC now owns 1,373,665 shares of the company’s stock worth $154,194,000 after acquiring an additional 262,360 shares during the last quarter. 99.83% of the stock is currently 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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