Casey’s General Stores Inc. (NASDAQ:CASY)‘s stock had its “market perform” rating reaffirmed by equities researchers at BMO Capital Markets in a research note issued on Saturday. They currently have a $118.00 target price on the stock. BMO Capital Markets’ target price indicates a potential downside of 1.54% from the stock’s current price.
Several other brokerages also recently weighed in on CASY. Wells Fargo & Co. reiterated a “hold” rating on shares of Casey’s General Stores in a research note on Thursday. Royal Bank Of Canada lifted their target price on Casey’s General Stores from $139.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, September 1st. Deutsche Bank AG lifted their target price on Casey’s General Stores from $130.00 to $141.00 and gave the company a “buy” rating in a research note on Friday, August 19th. Jefferies Group lifted their target price on Casey’s General Stores from $113.00 to $137.00 and gave the company a “hold” rating in a research note on Monday, August 22nd. Finally, Goldman Sachs Group Inc. upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and lifted their price target for the company from $123.00 to $145.00 in a research note on Wednesday, June 29th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $139.11.
Casey’s General Stores (NASDAQ:CASY) opened at 119.84 on Friday. The firm has a market capitalization of $4.69 billion, a P/E ratio of 20.91 and a beta of 0.50. Casey’s General Stores has a 1-year low of $98.80 and a 1-year high of $136.22. The company has a 50-day moving average price of $131.93 and a 200 day moving average price of $120.03.

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Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, September 6th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.81 by $0.11. Casey’s General Stores had a net margin of 3.29% and a return on equity of 21.62%. The company earned $1.97 billion during the quarter. During the same quarter in the prior year, the business earned $1.57 EPS. The company’s revenue was down 3.8% on a year-over-year basis. Analysts expect that Casey’s General Stores will post $5.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 1st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $0.96 annualized dividend and a yield of 0.80%. Casey’s General Stores’s dividend payout ratio is presently 16.38%.
In other news, Director Jeffrey M. Lamberti sold 4,000 shares of the business’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $119.12, for a total value of $476,480.00. Following the completion of the transaction, the director now directly owns 32,875 shares of the company’s stock, valued at $3,916,070. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Terry W. Handley sold 15,000 shares of the business’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $118.54, for a total value of $1,778,100.00. Following the completion of the transaction, the chief executive officer now directly owns 34,298 shares of the company’s stock, valued at $4,065,684.92. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Several institutional investors recently added to or reduced their stakes in CASY. IFP Advisors Inc boosted its position in Casey’s General Stores by 179.3% in the first quarter. IFP Advisors Inc now owns 1,271 shares of the company’s stock worth $144,000 after buying an additional 816 shares during the period. Calamos Wealth Management LLC bought a new position in Casey’s General Stores during the second quarter worth $205,000. Pitcairn Co. bought a new position in Casey’s General Stores during the second quarter worth $225,000. JLB & Associates Inc. bought a new position in Casey’s General Stores during the second quarter worth $249,000. Finally, UMB Bank N A MO bought a new position in Casey’s General Stores during the second quarter worth $269,000. 84.02% of the stock is owned by institutional investors.
Casey’s 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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