Casey’s General Stores (CASY) Given Buy Rating at Gabelli

Gabelli reaffirmed their buy rating on shares of Casey’s General Stores (NASDAQ:CASY) in a report released on Wednesday morning. Gabelli also issued estimates for Casey’s General Stores’ FY2019 earnings at $4.50 EPS, FY2020 earnings at $4.55 EPS, FY2022 earnings at $5.00 EPS and FY2023 earnings at $5.45 EPS.

Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Casey’s General Stores from a hold rating to a buy rating in a research report on Friday, September 7th. Stephens set a $137.00 target price on shares of Casey’s General Stores and gave the stock a buy rating in a research report on Wednesday, September 12th. BMO Capital Markets boosted their target price on shares of Casey’s General Stores from $92.00 to $96.00 and gave the stock a hold rating in a research report on Thursday, August 23rd. ValuEngine raised shares of Casey’s General Stores from a hold rating to a buy rating in a research report on Wednesday, August 22nd. Finally, Northcoast Research raised shares of Casey’s General Stores from a neutral rating to a buy rating in a research report on Tuesday, September 18th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $135.09.

Shares of Casey’s General Stores stock opened at $134.31 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.27 and a debt-to-equity ratio of 0.95. Casey’s General Stores has a 52-week low of $90.42 and a 52-week high of $137.08. The company has a market capitalization of $4.92 billion, a PE ratio of 35.25, a PEG ratio of 3.13 and a beta of 0.51.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 10th. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.19. Casey’s General Stores had a net margin of 3.77% and a return on equity of 13.24%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.53 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts expect that Casey’s General Stores will post 4.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Thursday, January 31st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 30.45%.

In other news, VP William J. Walljasper sold 7,000 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $135.05, for a total value of $945,350.00. Following the sale, the vice president now directly owns 28,865 shares of the company’s stock, valued at approximately $3,898,218.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Terry W. Handley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $131.80, for a total transaction of $395,400.00. Following the completion of the sale, the insider now directly owns 34,945 shares in the company, valued at $4,605,751. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of Casey’s General Stores by 2.4% in the 2nd quarter. BlackRock Inc. now owns 3,152,172 shares of the company’s stock valued at $331,231,000 after purchasing an additional 75,313 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Casey’s General Stores by 2.3% in the 3rd quarter. Clearbridge Investments LLC now owns 1,392,478 shares of the company’s stock valued at $179,783,000 after purchasing an additional 31,899 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Casey’s General Stores by 14.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,376,978 shares of the company’s stock valued at $144,692,000 after purchasing an additional 174,842 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Casey’s General Stores by 20.7% in the 3rd quarter. Eagle Asset Management Inc. now owns 804,882 shares of the company’s stock valued at $103,918,000 after purchasing an additional 138,280 shares during the period. Finally, Carillon Tower Advisers Inc. lifted its stake in shares of Casey’s General Stores by 15.8% in the 3rd quarter. Carillon Tower Advisers Inc. now owns 745,512 shares of the company’s stock valued at $96,252,000 after purchasing an additional 101,919 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Casey’s General Stores Company Profile

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

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