Casey’s General Stores, Inc. (NASDAQ:CASY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have received a consensus rating of “Moderate Buy” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $621.3636.

A number of research analysts have commented on the company. Stephens boosted their price objective on Casey’s General Stores from $570.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 3rd. Northcoast Research lowered Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday. Wells Fargo & Company lifted their price objective on shares of Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research report on Thursday, January 8th.

Insider Buying and Selling

In other news, Director Moats Maria Castanon acquired 300 shares of Casey’s General Stores stock in a transaction on Monday, January 5th. The shares were purchased at an average price of $554.66 per share, with a total value of $166,398.00. Following the acquisition, the director owned 803 shares in the company, valued at $445,391.98. This represents a 59.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CASY. Steph & Co. grew its stake in shares of Casey’s General Stores by 2.2% in the third quarter. Steph & Co. now owns 819 shares of the company’s stock valued at $463,000 after buying an additional 18 shares in the last quarter. LifeWealth Investments LLC grew its holdings in shares of Casey’s General Stores by 2.1% during the 3rd quarter. LifeWealth Investments LLC now owns 858 shares of the company’s stock valued at $485,000 after purchasing an additional 18 shares during the last quarter. Central Pacific Bank Trust Division boosted its position in Casey’s General Stores by 52.8% during the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after buying an additional 19 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Casey’s General Stores by 9.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 227 shares of the company’s stock worth $128,000 after acquiring an additional 19 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in shares of Casey’s General Stores by 2.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 724 shares of the company’s stock valued at $409,000 after purchasing an additional 20 shares during the period. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Stock Up 0.7%

Shares of NASDAQ CASY opened at $623.33 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.65 and a debt-to-equity ratio of 0.62. Casey’s General Stores has a 12-month low of $372.08 and a 12-month high of $647.99. The company has a 50-day moving average of $573.31 and a 200 day moving average of $545.22. The stock has a market cap of $23.11 billion, a PE ratio of 38.34, a P/E/G ratio of 2.19 and a beta of 0.67.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.92 by $0.61. Casey’s General Stores had a return on equity of 16.89% and a net margin of 3.58%.The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.51 billion. During the same quarter in the previous year, the business earned $4.85 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that Casey’s General Stores will post 13.94 EPS for the current fiscal year.

Casey’s General Stores Announces Dividend

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

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.