Casey’s General Stores, Inc. (NASDAQ:CASY) Given Consensus Rating of “Moderate Buy” by Analysts

Casey’s General Stores, Inc. (NASDAQ:CASY) has been given an average recommendation of “Moderate Buy” by the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $940.00.

CASY has been the topic of several research reports. Wells Fargo & Company increased their price objective on shares of Casey’s General Stores from $910.00 to $960.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Wolfe Research restated an “outperform” rating and issued a $1,069.00 target price on shares of Casey’s General Stores in a research note on Thursday, June 11th. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $950.00 target price for the company in a report on Monday, July 13th. Stephens set a $975.00 price target on Casey’s General Stores and gave the stock an “overweight” rating in a research report on Friday, June 12th. Finally, Capital One Financial began coverage on Casey’s General Stores in a report on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 price target on the stock.

Insider Buying and Selling

In other Casey’s General Stores news, Director Allison M. Wing sold 530 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the sale, the director directly owned 3,042 shares in the company, valued at approximately $2,547,918.36. This trade represents a 14.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Katrina S. Lindsey sold 2,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $800.00, for a total transaction of $1,600,000.00. Following the transaction, the insider directly owned 6,668 shares of the company’s stock, valued at approximately $5,334,400. This trade represents a 23.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,243 shares of company stock valued at $24,421,877 in the last three months. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Central Pacific Bank Trust Division grew its position in Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after purchasing an additional 19 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Casey’s General Stores during the first quarter valued at approximately $33,000. ORG Partners LLC raised its holdings in shares of Casey’s General Stores by 47.6% during the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock valued at $34,000 after buying an additional 20 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Casey’s General Stores by 252.4% during the fourth quarter. Larson Financial Group LLC now owns 74 shares of the company’s stock worth $41,000 after buying an additional 53 shares during the period. 85.63% of the stock is owned by institutional investors and hedge funds.

Casey’s General Stores Stock Up 3.9%

CASY stock opened at $859.12 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.60. Casey’s General Stores has a 1-year low of $490.00 and a 1-year high of $927.85. The firm has a fifty day moving average price of $822.56 and a two-hundred day moving average price of $731.65. The firm has a market cap of $31.80 billion, a price-to-earnings ratio of 44.84, a PEG ratio of 2.48 and a beta of 0.62.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a net margin of 4.07% and a return on equity of 18.73%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm posted $2.63 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Research analysts predict that Casey’s General Stores will post 21.14 EPS for the current year.

Casey’s General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Saturday, August 1st will be given a $0.65 dividend. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.57. This represents a $2.60 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 31st. Casey’s General Stores’s dividend payout ratio is 11.90%.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.