CASY has been the topic of several other reports. Zacks Investment Research cut Caseys General Stores from a hold rating to a sell rating in a research report on Friday, June 2nd. Deutsche Bank AG set a $120.00 target price on Caseys General Stores and gave the stock a buy rating in a research report on Tuesday, June 6th. Jefferies Group LLC reissued a buy rating and issued a $139.00 target price on shares of Caseys General Stores in a research report on Tuesday, June 20th. BMO Capital Markets set a $116.00 target price on Caseys General Stores and gave the stock a hold rating in a research report on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) began coverage on Caseys General Stores in a research report on Thursday, April 27th. They issued a neutral rating and a $109.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $120.50.
Caseys General Stores (NASDAQ CASY) traded up 0.37% during mid-day trading on Wednesday, hitting $104.50. 464,154 shares of the stock traded hands. The firm has a market cap of $4.03 billion, a P/E ratio of 23.33 and a beta of 0.49. Caseys General Stores has a 52-week low of $102.92 and a 52-week high of $136.22. The firm’s 50-day moving average is $111.18 and its 200 day moving average is $114.07.
Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, June 5th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.85 by $0.09. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business posted $1.19 earnings per share. Caseys General Stores’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities analysts predict that Caseys General Stores will post $4.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a dividend of $0.26 per share. This is a boost from Caseys General Stores’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, July 28th. Caseys General Stores’s payout ratio is presently 21.43%.
In other news, SVP John C. Soupene sold 1,000 shares of Caseys General Stores stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total transaction of $106,520.00. Following the transaction, the senior vice president now directly owns 1,253 shares of the company’s stock, valued at approximately $133,469.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in Caseys General Stores by 6.3% in the second quarter. State of Alaska Department of Revenue now owns 2,562 shares of the company’s stock worth $274,000 after buying an additional 151 shares during the last quarter. Bank of Montreal Can boosted its position in Caseys General Stores by 0.3% in the second quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock worth $564,000 after buying an additional 18 shares during the last quarter. Alta Capital Management LLC boosted its position in Caseys General Stores by 1.6% in the second quarter. Alta Capital Management LLC now owns 156,870 shares of the company’s stock worth $16,802,000 after buying an additional 2,420 shares during the last quarter. Clearbridge Investments LLC boosted its position in Caseys General Stores by 23.6% in the first quarter. Clearbridge Investments LLC now owns 1,373,665 shares of the company’s stock worth $154,194,000 after buying an additional 262,360 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Caseys General Stores during the first quarter worth $9,328,000. 96.76% of the stock is currently owned by hedge funds and other institutional investors.
Caseys General Stores Company Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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