Casey's General Stores, Inc. (NASDAQ:CASY – Get Rating) has earned a consensus rating of "Moderate Buy" from the eleven analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $259.44.
A number of research firms recently issued reports on CASY. Wells Fargo & Company upped their target price on Casey's General Stores to $270.00 in a research note on Monday, December 12th. JPMorgan Chase & Co. upgraded Casey's General Stores from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $173.00 to $211.00 in a report on Friday, March 3rd. Stephens reiterated an "overweight" rating and issued a $280.00 price target on shares of Casey's General Stores in a report on Wednesday. Northcoast Research downgraded Casey's General Stores from a "buy" rating to a "neutral" rating in a report on Thursday, December 8th. Finally, Credit Suisse Group restated a "neutral" rating and set a $254.00 price objective on shares of Casey's General Stores in a report on Thursday.
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Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of Casey's General Stores by 430.5% in the fourth quarter. Morgan Stanley now owns 1,141,475 shares of the company's stock valued at $256,090,000 after buying an additional 926,324 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Casey's General Stores by 915.9% during the second quarter. Thrivent Financial for Lutherans now owns 628,013 shares of the company's stock worth $116,170,000 after purchasing an additional 566,192 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Casey's General Stores by 896.4% during the third quarter. Victory Capital Management Inc. now owns 482,474 shares of the company's stock worth $97,710,000 after purchasing an additional 434,050 shares during the last quarter. Norges Bank acquired a new position in Casey's General Stores during the fourth quarter worth $82,961,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Casey's General Stores by 152.8% during the first quarter. Goldman Sachs Group Inc. now owns 384,281 shares of the company's stock worth $76,153,000 after purchasing an additional 232,277 shares during the last quarter. Institutional investors own 84.74% of the company's stock.
Casey's General Stores Stock Performance
Shares of CASY stock opened at $211.72 on Friday. The stock has a market capitalization of $7.89 billion, a PE ratio of 17.60 and a beta of 0.82. Casey's General Stores has a 52-week low of $174.05 and a 52-week high of $249.90. The stock's 50-day moving average price is $221.36 and its 200 day moving average price is $222.72. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 0.63.
Casey's General Stores (NASDAQ:CASY – Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The company reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.53. Casey's General Stores had a return on equity of 18.02% and a net margin of 2.96%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the company earned $1.71 EPS. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Casey's General Stores will post 11.47 EPS for the current year.
Casey's General Stores Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Monday, May 1st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Friday, April 28th. Casey's General Stores's dividend payout ratio is 12.64%.
About Casey's General Stores
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Casey's General Stores, Inc engages in the management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.
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