Casey's General Stores Inc (CASY) Receives Average Rating of “Hold” from Analysts

Casey's General Stores Inc (NASDAQ:CASY) has been assigned a consensus rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $122.71.

Several equities research analysts recently issued reports on CASY shares. BidaskClub upgraded Casey's General Stores from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 6th. Stephens set a $150.00 price target on Casey's General Stores and gave the company a “buy” rating in a research note on Friday, January 12th. Zacks Investment Research upgraded Casey's General Stores from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Raymond James Financial reiterated a “market perform” rating on shares of Casey's General Stores in a research note on Wednesday, December 6th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Casey's General Stores in a research note on Friday, December 8th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clear Perspective Advisors LLC lifted its stake in Casey's General Stores by 8.9% during the second quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock worth $131,000 after purchasing an additional 100 shares during the last quarter. Zions Bancorporation bought a new stake in Casey's General Stores during the third quarter worth $164,000. Crossmark Global Holdings Inc. bought a new position in shares of Casey's General Stores in the 3rd quarter valued at $264,000. Trexquant Investment LP bought a new position in shares of Casey's General Stores in the 3rd quarter valued at $267,000. Finally, Neuberger Berman Group LLC lifted its stake in shares of Casey's General Stores by 0.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Shares of Casey's General Stores (NASDAQ:CASY) traded down $1.43 during mid-day trading on Friday, hitting $122.12. The company had a trading volume of 530,177 shares, compared to its average volume of 414,850. The company has a current ratio of 1.23, a quick ratio of 0.72 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $4,638.96, a PE ratio of 29.93, a P/E/G ratio of 2.16 and a beta of 0.46. Casey's General Stores has a fifty-two week low of $99.76 and a fifty-two week high of $125.55.

Casey's General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.12). The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. Casey's General Stores had a net margin of 2.02% and a return on equity of 13.42%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.44 earnings per share. equities research analysts predict that Casey's General Stores will post 4.17 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, January 31st. Casey's General Stores’s payout ratio is presently 25.49%.

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Casey's 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.

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

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