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

Shares of Casey’s General Stores, Inc. (NASDAQ:CASY) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $615.50.

CASY has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on Casey’s General Stores from $610.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft set a $688.00 target price on shares of Casey’s General Stores in a report on Thursday, January 8th. Wall Street Zen upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research note on Saturday. Northcoast Research downgraded shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research report on Monday, December 29th.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, Director Moats Maria Castanon acquired 300 shares of the stock in a transaction dated Monday, January 5th. The shares were acquired at an average cost of $554.66 per share, for a total transaction of $166,398.00. Following the completion of the transaction, the director directly owned 803 shares of the company’s stock, valued at approximately $445,391.98. The trade was a 59.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.54% of the company’s stock.

Institutional Trading of Casey’s General Stores

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Foster Dykema Cabot & Partners LLC purchased a new stake in Casey’s General Stores during the 3rd quarter valued at approximately $25,000. Westside Investment Management Inc. boosted its position in shares of Casey’s General Stores by 100.0% during the third quarter. Westside Investment Management Inc. now owns 46 shares of the company’s stock worth $26,000 after acquiring an additional 23 shares during the last quarter. True Wealth Design LLC grew its stake in Casey’s General Stores by 350.0% during the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Central Pacific Bank Trust Division increased its holdings in Casey’s General Stores by 52.8% in the 4th quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock valued at $30,000 after acquiring an additional 19 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in Casey’s General Stores in the 3rd quarter valued at $33,000. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Trading Down 0.7%

Shares of Casey’s General Stores stock opened at $661.53 on Wednesday. Casey’s General Stores has a 1-year low of $372.08 and a 1-year high of $678.67. The company’s fifty day simple moving average is $601.13 and its 200-day simple moving average is $560.09. 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 stock has a market capitalization of $24.52 billion, a PE ratio of 40.68, a P/E/G ratio of 2.35 and a beta of 0.68.

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

Casey’s General Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Sunday, February 1st were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.28 annualized dividend and a yield of 0.3%. Casey’s General Stores’s dividend payout ratio is currently 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.