Casey’s General Stores (NASDAQ:CASY) Now Covered by Analysts at Gordon Haskett

Gordon Haskett began coverage on shares of Casey’s General Stores (NASDAQ:CASY) in a research note released on Monday morning, MarketBeat reports. The brokerage issued a hold rating and a $400.00 price target on the stock.

A number of other analysts also recently commented on the stock. Evercore ISI boosted their target price on shares of Casey’s General Stores from $435.00 to $440.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Northcoast Research raised Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a research note on Thursday, July 11th. Royal Bank of Canada lifted their target price on Casey’s General Stores from $393.00 to $403.00 and gave the stock a “sector perform” rating in a report on Thursday, September 5th. Melius Research began coverage on Casey’s General Stores in a report on Monday, September 23rd. They set a “buy” rating and a $435.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on Casey’s General Stores from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Casey’s General Stores currently has an average rating of “Moderate Buy” and an average price target of $408.25.

Casey’s General Stores Stock Up 1.0 %

CASY stock opened at $413.37 on Monday. The firm’s 50-day moving average is $381.07 and its two-hundred day moving average is $365.32. The company has a market capitalization of $15.34 billion, a price-to-earnings ratio of 30.09 and a beta of 0.79. Casey’s General Stores has a 52 week low of $266.56 and a 52 week high of $416.60. The company has a current ratio of 0.84, a quick ratio of 0.44 and a debt-to-equity ratio of 0.44.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Wednesday, September 4th. The company reported $4.83 EPS for the quarter, topping the consensus estimate of $4.54 by $0.29. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Casey’s General Stores had a return on equity of 17.07% and a net margin of 3.40%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.52 earnings per share. On average, analysts forecast that Casey’s General Stores will post 14.01 earnings per share for the current fiscal year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 0.48%. Casey’s General Stores’s dividend payout ratio is presently 14.56%.

Insider Buying and Selling

In other Casey’s General Stores news, Director Mike Spanos bought 267 shares of Casey’s General Stores stock in a transaction on Wednesday, September 18th. The stock was purchased at an average cost of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares of the company’s stock, valued at $975,810.92. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Darren M. Rebelez sold 13,500 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the sale, the chief executive officer now directly owns 73,838 shares of the company’s stock, valued at approximately $27,655,284.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos bought 267 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the completion of the purchase, the director now directly owns 2,594 shares in the company, valued at $975,810.92. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Casey’s General Stores

Hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Casey’s General Stores by 3.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,851 shares of the company’s stock valued at $908,000 after buying an additional 103 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in Casey’s General Stores during the first quarter worth $212,000. Norden Group LLC acquired a new position in Casey’s General Stores during the 1st quarter valued at $320,000. Private Advisor Group LLC boosted its holdings in Casey’s General Stores by 3.5% in the 1st quarter. Private Advisor Group LLC now owns 3,426 shares of the company’s stock valued at $1,091,000 after purchasing an additional 117 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Casey’s General Stores during the 1st quarter worth about $590,000. 85.63% of the stock is currently owned by institutional investors.

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.