Casey’s General Stores, Inc. (NASDAQ:CASY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Casey’s General Stores, Inc. (NASDAQ:CASY) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $585.6667.

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on Casey’s General Stores from $570.00 to $591.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 10th. UBS Group reaffirmed a “neutral” rating on shares of Casey’s General Stores in a research note on Thursday, December 11th. Wells Fargo & Company lifted their price target on shares of Casey’s General Stores from $610.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Stephens upped their price objective on shares of Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Finally, BMO Capital Markets lifted their target price on shares of Casey’s General Stores from $515.00 to $540.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th.

Hedge Funds Weigh In On Casey’s General Stores

Hedge funds have recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC acquired a new position in Casey’s General Stores in the 3rd quarter valued at about $25,000. Westside Investment Management Inc. boosted its stake in shares of Casey’s General Stores by 100.0% in the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock valued at $26,000 after purchasing an additional 23 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Casey’s General Stores in the third quarter valued at approximately $33,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Casey’s General Stores during the 3rd quarter worth approximately $35,000. Finally, Nvwm LLC purchased a new stake in Casey’s General Stores during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores Stock Performance

NASDAQ:CASY opened at $566.94 on Tuesday. The company’s 50-day moving average is $547.99 and its two-hundred day moving average is $533.94. Casey’s General Stores has a 1-year low of $372.08 and a 1-year high of $575.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 0.65. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of 34.87 and a beta of 0.65.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 EPS for the quarter, beating analysts’ consensus estimates of $4.92 by $0.61. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.51 billion. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.85 earnings per share. Analysts forecast that Casey’s General Stores will post 13.94 EPS for the current year.

Casey’s General Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Sunday, February 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, January 30th. Casey’s General Stores’s dividend payout ratio (DPR) is currently 14.02%.

About Casey’s General Stores

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.