Casey’s General Stores (NASDAQ:CASY) Coverage Initiated by Analysts at BNP Paribas Exane

BNP Paribas Exane began coverage on shares of Casey’s General Stores (NASDAQ:CASY) in a research report report published on Tuesday, Marketbeat reports. The brokerage issued an outperform rating and a $730.00 price objective on the stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their price target 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. Evercore ISI lifted their target price on shares of Casey’s General Stores from $585.00 to $610.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. UBS Group restated a “neutral” rating on shares of Casey’s General Stores in a report on Thursday, December 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $530.00 price target on shares of Casey’s General Stores in a report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft set a $688.00 price objective on Casey’s General Stores in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $624.50.

Casey’s General Stores Trading Down 0.3%

NASDAQ CASY opened at $638.57 on Tuesday. The firm has a market capitalization of $23.67 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 2.26 and a beta of 0.67. The business’s 50-day moving average price is $568.15 and its two-hundred day moving average price is $543.45. 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.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $5.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.51 billion. During the same period last year, the company earned $4.85 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, analysts expect that Casey’s General Stores will post 13.94 EPS for the current year.

Casey’s General Stores Announces Dividend

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

Insiders Place Their Bets

In other news, Director Moats Maria Castanon purchased 300 shares of the business’s stock in a transaction on Monday, January 5th. The shares were acquired at an average price of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the acquisition, the director owned 803 shares in the company, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Casey’s General Stores

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

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.