Several other research firms have also issued reports on CASY. Stephens reissued a buy rating and set a $25.00 price target on shares of Spirit of Texas Bancshares in a report on Thursday, June 13th. JPMorgan Chase & Co. set a $24.00 price target on Urovant Sciences and gave the company a buy rating in a report on Friday, June 14th. Zacks Investment Research lowered Hess Midstream Partners from a hold rating to a sell rating in a report on Tuesday, May 14th. Deutsche Bank reissued a buy rating and set a GBX 430 ($5.62) price target on shares of in a report on Monday, June 17th. Finally, BMO Capital Markets dropped their price objective on Dave & Buster’s Entertainment to $55.00 and set an outperform rating for the company in a research note on Wednesday, June 12th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $151.90.
NASDAQ:CASY opened at $162.77 on Friday. The firm’s 50-day moving average is $152.78. Casey’s General Stores has a 52-week low of $106.75 and a 52-week high of $165.38. The company has a quick ratio of 0.23, a current ratio of 0.69 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 2.99 and a beta of 0.60.
The firm also recently disclosed 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 is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.79%. Casey’s General Stores’s dividend payout ratio is 21.05%.
In related news, SVP Brian Joseph Johnson sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $156.48, for a total transaction of $625,920.00. Following the completion of the transaction, the senior vice president now directly owns 14,817 shares of the company’s stock, valued at $2,318,564.16. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Julia L. Jackowski sold 20,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $149.49, for a total value of $2,989,800.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,106 shares of company stock valued at $5,292,595. 0.72% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Casey’s General Stores by 1.2% during the first quarter. BlackRock Inc. now owns 3,224,026 shares of the company’s stock valued at $415,157,000 after buying an additional 36,695 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Casey’s General Stores by 2.0% during the first quarter. Clearbridge Investments LLC now owns 1,425,212 shares of the company’s stock valued at $183,525,000 after buying an additional 28,550 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Casey’s General Stores during the first quarter valued at approximately $70,795,000. Thrivent Financial for Lutherans boosted its stake in Casey’s General Stores by 174.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 392,085 shares of the company’s stock valued at $50,242,000 after buying an additional 249,286 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Casey’s General Stores by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 388,122 shares of the company’s stock valued at $49,733,000 after buying an additional 30,433 shares during the last quarter. 90.35% of the stock is owned by institutional investors.
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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