Casey's General Stores Inc (CASY) Given Consensus Rating of “Hold” by Brokerages

Shares of Casey's General Stores Inc (NASDAQ:CASY) have been given a consensus recommendation of “Hold” by the fifteen analysts that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $124.43.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Casey's General Stores from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets set a $122.00 price target on Casey's General Stores and gave the stock a “hold” rating in a report on Wednesday, January 24th. BidaskClub lowered Casey's General Stores from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 24th. Stephens set a $150.00 price target on Casey's General Stores and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Wells Fargo & Co increased their price target on Casey's General Stores from $105.00 to $118.00 and gave the stock a “market perform” rating in a report on Thursday, January 4th.

Several hedge funds have recently bought and sold shares of CASY. Carillon Tower Advisers Inc. bought a new position in shares of Casey's General Stores in the fourth quarter valued at approximately $48,505,000. Janus Henderson Group PLC lifted its holdings in shares of Casey's General Stores by 20.4% in the third quarter. Janus Henderson Group PLC now owns 1,825,662 shares of the company’s stock valued at $199,819,000 after purchasing an additional 309,263 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in shares of Casey's General Stores by 73.4% in the third quarter. Fiduciary Management Inc. WI now owns 460,686 shares of the company’s stock valued at $50,422,000 after purchasing an additional 194,935 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Casey's General Stores by 789.6% in the third quarter. First Trust Advisors LP now owns 160,032 shares of the company’s stock valued at $17,516,000 after purchasing an additional 142,043 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Casey's General Stores by 34.9% in the third quarter. Brown Advisory Inc. now owns 513,007 shares of the company’s stock valued at $56,149,000 after purchasing an additional 132,694 shares in the last quarter. Institutional investors own 95.12% of the company’s stock.

Shares of Casey's General Stores (CASY) traded up $1.27 during trading hours on Wednesday, reaching $112.53. The company’s stock had a trading volume of 370,200 shares, compared to its average volume of 442,289. The company has a market capitalization of $4,230.00, a price-to-earnings ratio of 27.58, a P/E/G ratio of 1.93 and a beta of 0.51. The company has a current ratio of 1.23, a quick ratio of 0.72 and a debt-to-equity ratio of 1.13. Casey's General Stores has a 1-year low of $99.76 and a 1-year high of $128.51.

Casey's General Stores (NASDAQ:CASY) last announced 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 firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. Casey's General Stores had a return on equity of 13.42% and a net margin of 2.02%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 EPS. equities research analysts expect that Casey's General Stores will post 4.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.92%. Casey's General Stores’s dividend 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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