Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) stock has earned a “moderate buy” consensus recommendation from nine analysts covering the company, reports MarketBeat.com . One of his stock research analysts rated the stock as a hold recommendation, and seven gave the company a buy recommendation. The average one-year price target for analysts who published a report on the stock last year is $245.00.
Several equity analysts have published reports on the company. Wolfe Research began covering Casey’s General Stores in a research note on Wednesday, August 17th. They issued an “Outperform” rating and a price target of $228.00. Stephens raised Casey’s General Stores price target from his $230.00 to his $250.00, giving the company an “Overweight” rating in a research note on Thursday, Aug. 18. StockNews.com downgraded Casey’s General Stores from a “strong buy” rating to a “buy” rating in its research report on Monday, September 12th. Wells Fargo & Company undertook coverage on Casey’s General Stores in its Wednesday, May 25 report. They set an Overweight rating and a price target for the company of $240.00. Finally, BMO Capital Markets increased Casey’s General Stores’ target price from $235.00 to $250.00, giving it an “Outperform” rating in its research notes on Friday, September 9th.
Casey’s General Stores Inventory Up 0.1 %
Shares of Casey’s General Stores opened Friday at $214.90. His all-year low is $170.82 and all-year high is $223.90 at Casey’s General Stores. The company has a debt to equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54. The stock has a market cap of $8.01 billion, a price/earnings ratio of 21.51 and a beta of 0.79. The company has a 50-day moving average of $209.00 and a 201.45-day moving average of $201.45.
Casey’s General Stores (NASDAQ:CASY – Get Rating) last reported quarterly earnings data on Wednesday, September 7. The company reported EPS of $4.09 for the quarter, beating analyst consensus expectations of $3.11 by $0.98. The company’s revenue for the quarter was $4.45 billion, while consensus estimates put him at $4.47 billion. Casey’s General Stores had a net profit margin of 2.63% and a return on equity of 16.73%. Casey’s General Stores quarterly revenue increased 40.0% compared to the same period last year. During the same quarter last year, the company posted his $3.19 earnings per share. As a group, research analysts expect Casey’s General Stores to post earnings of 9.94 per share for the current year.
Casey’s General Stores Announces Dividend
The company recently announced a quarterly dividend payable on Tuesday, November 15th. Shareholders of record on Tuesday, November 1 will receive a dividend of $0.38 per share. The ex-dividend date for this dividend is October 31 (Monday). This represents his $1.52 dividend and 0.71% yield on an annual basis. Casey’s General Stores currently has a payout ratio of 15.22%.
In separate news, director Mike Spanos purchased 454 shares in the Monday, September 12th transaction. The shares were purchased at an average price of $220.45 per share for a total of $100,084.30. After the transaction, the directors now own 454 shares of the company, valued at approximately $100,084.30. This purchase was disclosed in legal filings with the U.S. Securities and Exchange Commission, which can be accessed via this hyperlink. His 0.28% of shares are now owned by insiders.
Casey’s General Stores institutional deals
Recently, many institutional investors and hedge funds have increased or decreased their stakes in CASY. Meeder Asset Management Inc. acquired new shares in Casey’s General Stores worth approximately $28,000 in the first quarter. Covestor Ltd acquired a new stake in Casey’s General Stores worth approximately $34,000 in the fourth quarter. CM Bidwell & Associates Ltd. acquired a new position worth approximately $49,000 in shares of Casey’s General Stores in the fourth quarter. Quent Capital LLC acquired a new position in Casey’s General Stores stock worth approximately $51,000 in the fourth quarter. Finally, Lumature Wealth Partners LLC increased his stake in Casey’s General Stores by 80.2% in the first quarter. Lumature Wealth Partners LLC now owns 310 shares of the company, valued at $61,000, after purchasing an additional 138 shares during this period. Institutional investors and hedge funds own his 76.68% of the company’s shares.
Casey’s General Stores Company Profile
Casey’s General Stores, Inc., along with its subsidiaries, operates convenience stores under the names Casey’s and Casey’s General Store. Its stores offer a variety of foods, including freshly prepared foods such as pizzas, donuts, and sandwiches. beverages; tobacco and nicotine products; health and beauty aids; automotive products;
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