Casey’s General Stores Inc (NASDAQ:CASY) – Stock analysts at Gabelli raised their FY2020 EPS estimates for shares of Casey’s General Stores in a report released on Wednesday, June 12th. Gabelli analyst D. Witkowski now anticipates that the company will earn $5.80 per share for the year, up from their prior forecast of $4.80. Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for Casey’s General Stores’ FY2021 earnings at $6.05 EPS, FY2022 earnings at $6.55 EPS, FY2023 earnings at $7.15 EPS and FY2024 earnings at $7.90 EPS.
Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Barclays boosted their target price on shares of Casey’s General Stores from $123.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday. Stephens boosted their target price on shares of Casey’s General Stores from $143.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets boosted their price target on shares of Casey’s General Stores to $140.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price target on shares of Casey’s General Stores from $151.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $147.10.
NASDAQ:CASY opened at $152.29 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.22 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.71 and a beta of 0.45. Casey’s General Stores has a 1-year low of $98.85 and a 1-year high of $153.54.
Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, June 10th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.27. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.13 billion. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. Casey’s General Stores’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 31st. Casey’s General Stores’s payout ratio is 21.05%.
In related news, VP William J. Walljasper sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total transaction of $378,150.00. Following the sale, the vice president now directly owns 24,785 shares of the company’s stock, valued at approximately $3,124,149.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Julia L. Jackowski sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the sale, the senior vice president now directly owns 32,944 shares in the company, valued at $4,149,296.80. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. Enlightenment Research LLC acquired a new stake in Casey’s General Stores during the 4th quarter worth $26,000. Mckinley Capital Management LLC Delaware acquired a new stake in Casey’s General Stores during the 4th quarter worth $29,000. FinTrust Capital Advisors LLC acquired a new stake in Casey’s General Stores during the 1st quarter worth $29,000. Rockefeller Capital Management L.P. acquired a new stake in Casey’s General Stores during the 1st quarter worth $32,000. Finally, Valeo Financial Advisors LLC boosted its stake in Casey’s General Stores by 2,500.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock worth $40,000 after purchasing an additional 300 shares during the period. 90.23% of the stock is currently owned by institutional investors.
About Casey’s General Stores
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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