Caseys General Stores, Inc. (NASDAQ:CASY) has been given an average rating of “Hold” by the thirteen research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $115.29.

Several equities research analysts have recently commented on CASY shares. Zacks Investment Research raised Caseys General Stores from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Caseys General Stores from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Royal Bank Of Canada set a $118.00 target price on Caseys General Stores and gave the company a “hold” rating in a report on Sunday, August 13th. Finally, Jefferies Group set a $139.00 target price on Caseys General Stores and gave the company a “buy” rating in a report on Friday, August 25th.

In related news, SVP Brian Joseph Johnson sold 1,000 shares of the stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the completion of the sale, the senior vice president now directly owns 8,229 shares of the company’s stock, valued at approximately $888,814.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in CASY. Clear Perspective Advisors LLC lifted its stake in Caseys General Stores by 8.9% in the 2nd quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock worth $131,000 after acquiring an additional 100 shares in the last quarter. Zions Bancorporation purchased a new stake in Caseys General Stores in the 3rd quarter worth about $164,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Caseys General Stores by 46.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after acquiring an additional 566 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Caseys General Stores in the 3rd quarter worth about $264,000. Finally, Neuberger Berman Group LLC raised its stake in shares of Caseys General Stores by 0.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after purchasing an additional 23 shares in the last quarter. 97.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Caseys General Stores (NASDAQ CASY) traded down $1.57 during mid-day trading on Friday, reaching $120.75. The company had a trading volume of 423,300 shares, compared to its average volume of 485,447. Caseys General Stores has a fifty-two week low of $99.76 and a fifty-two week high of $126.49. The company has a market capitalization of $4,570.00, a PE ratio of 28.09, a P/E/G ratio of 2.55 and a beta of 0.45. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.99 and a quick ratio of 0.48.

Caseys General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, meeting the consensus estimate of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the business posted $1.70 earnings per share. Caseys General Stores’s revenue was up 6.3% compared to the same quarter last year. sell-side analysts expect that Caseys General Stores will post 4.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, October 31st. Caseys General Stores’s dividend payout ratio is currently 24.53%.

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About Caseys General Stores

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.

Analyst Recommendations for Caseys General Stores (NASDAQ:CASY)

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