Casey’s General Stores, Inc. (NASDAQ:CASY) Given Average Recommendation of “Moderate Buy” by Analysts

Casey’s General Stores, Inc. (NASDAQ:CASY) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $424.00.

CASY has been the topic of several recent analyst reports. Melius Research assumed coverage on Casey’s General Stores in a report on Monday, September 23rd. They issued a “buy” rating and a $435.00 price target on the stock. Evercore ISI increased their target price on Casey’s General Stores from $460.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Casey’s General Stores from $451.00 to $454.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. lowered shares of Casey’s General Stores from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $300.00 to $337.00 in a report on Thursday, September 19th.

Insider Activity at Casey’s General Stores

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the completion of the transaction, the insider now directly owns 2,247 shares in the company, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Casey’s General Stores

Institutional investors have recently modified their holdings of the company. Private Trust Co. NA lifted its position in Casey’s General Stores by 1.3% during the third quarter. Private Trust Co. NA now owns 2,072 shares of the company’s stock valued at $778,000 after acquiring an additional 27 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of Casey’s General Stores by 22.5% during the third quarter. V Square Quantitative Management LLC now owns 158 shares of the company’s stock worth $59,000 after purchasing an additional 29 shares in the last quarter. Verus Capital Partners LLC lifted its holdings in shares of Casey’s General Stores by 3.1% during the 3rd quarter. Verus Capital Partners LLC now owns 991 shares of the company’s stock valued at $372,000 after purchasing an additional 30 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Casey’s General Stores by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 1,078 shares of the company’s stock worth $405,000 after purchasing an additional 34 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in Casey’s General Stores by 0.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 12,769 shares of the company’s stock worth $4,872,000 after buying an additional 37 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors.

Casey’s General Stores Trading Up 0.7 %

CASY stock opened at $409.15 on Friday. Casey’s General Stores has a twelve month low of $268.07 and a twelve month high of $439.68. The stock has a market capitalization of $15.19 billion, a price-to-earnings ratio of 28.51 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. The firm’s fifty day simple moving average is $407.76 and its two-hundred day simple moving average is $383.76.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, December 9th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $4.29 by $0.56. Casey’s General Stores had a net margin of 3.57% and a return on equity of 17.17%. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same period in the prior year, the firm posted $4.24 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, analysts anticipate that Casey’s General Stores will post 14.28 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. Casey’s General Stores’s dividend payout ratio is presently 13.94%.

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. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.