Shares of Casey’s General Stores Inc (NASDAQ:CASY) have been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $175.56.
A number of equities analysts have commented on the company. BidaskClub lowered Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 4th. Royal Bank of Canada lowered Casey’s General Stores from a “sector perform” rating to an “underperform” rating and raised their price objective for the stock from $144.00 to $158.00 in a research note on Thursday, August 29th. JPMorgan Chase & Co. raised their price objective on Casey’s General Stores from $152.00 to $169.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Jefferies Financial Group set a $192.00 target price on Casey’s General Stores and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Barclays raised their target price on Casey’s General Stores from $140.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th.
In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 4,000 shares of Casey’s General Stores stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $156.48, for a total transaction of $625,920.00. Following the transaction, the senior vice president now directly owns 14,817 shares of the company’s stock, valued at approximately $2,318,564.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by insiders.
Casey’s General Stores stock traded down $1.23 during mid-day trading on Friday, reaching $163.99. 137,112 shares of the company were exchanged, compared to its average volume of 392,363. The company has a fifty day simple moving average of $167.74 and a 200-day simple moving average of $146.82. Casey’s General Stores has a 12 month low of $116.23 and a 12 month high of $173.31. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.29. The firm has a market cap of $6.11 billion, a PE ratio of 29.76, a PEG ratio of 2.93 and a beta of 0.55.
Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 9th. The company reported $2.31 EPS for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.28. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same quarter last year, the company earned $1.90 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that Casey’s General Stores will post 6.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, October 31st. Casey’s General Stores’s payout ratio is presently 23.23%.
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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