Shares of Casey’s General Stores, Inc. (NASDAQ:CASY – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $752.3636.
Several brokerages have issued reports on CASY. Jefferies Financial Group boosted their price target on shares of Casey’s General Stores from $700.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Stephens reissued an “overweight” rating and issued a $680.00 price target on shares of Casey’s General Stores in a report on Tuesday, March 10th. KeyCorp boosted their price target on shares of Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. Finally, Evercore reissued an “outperform” rating and issued a $915.00 price target on shares of Casey’s General Stores in a report on Monday, May 18th.
View Our Latest Report on Casey’s General Stores
Casey’s General Stores Trading Up 1.2%
Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its quarterly earnings results on Monday, March 9th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.94 by $0.55. The firm had revenue of $3.92 billion for the quarter, compared to analyst estimates of $4.08 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.33 EPS. On average, analysts expect that Casey’s General Stores will post 18.19 EPS for the current year.
Casey’s General Stores Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.28 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s dividend payout ratio is presently 13.09%.
Insider Activity
In other news, Director Mike Spanos bought 300 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $665.43 per share, with a total value of $199,629.00. Following the acquisition, the director owned 4,499 shares in the company, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Katrina S. Lindsey sold 200 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares in the company, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Casey’s General Stores
Several large investors have recently made changes to their positions in CASY. NewEdge Advisors LLC grew its holdings in shares of Casey’s General Stores by 6.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after purchasing an additional 113 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Casey’s General Stores by 129.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after purchasing an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Casey’s General Stores by 431.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock worth $111,000 after purchasing an additional 177 shares during the last quarter. Amundi bought a new stake in shares of Casey’s General Stores in the 2nd quarter worth about $338,000. Finally, Jump Financial LLC grew its holdings in shares of Casey’s General Stores by 42.6% in the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock worth $494,000 after purchasing an additional 289 shares during the last quarter. Institutional investors own 85.63% of the company’s stock.
Casey’s General Stores Company Profile
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.
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