Several other brokerages also recently weighed in on CASY. BidaskClub upgraded Casey’s General Stores from a hold rating to a buy rating in a report on Tuesday, July 24th. Deutsche Bank reduced their price target on Casey’s General Stores from $120.00 to $116.00 and set a buy rating for the company in a report on Wednesday, June 13th. Jefferies Financial Group set a $134.00 price target on Casey’s General Stores and gave the company a buy rating in a report on Wednesday, August 22nd. ValuEngine upgraded Casey’s General Stores from a hold rating to a buy rating in a report on Wednesday, August 22nd. Finally, Stephens set a $137.00 price target on Casey’s General Stores and gave the company a buy rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $132.78.
CASY opened at $126.11 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.77 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 3.09 and a beta of 0.55. Casey’s General Stores has a 12-month low of $90.42 and a 12-month high of $130.50.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, October 31st. This represents a $1.16 annualized dividend and a dividend yield of 0.92%. Casey’s General Stores’s payout ratio is presently 30.45%.
In other news, insider Terry W. Handley sold 1,342 shares of the firm’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $100.12, for a total transaction of $134,361.04. Following the completion of the transaction, the insider now directly owns 33,287 shares in the company, valued at $3,332,694.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brian Joseph Johnson sold 1,500 shares of Casey’s General Stores stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $127.43, for a total value of $191,145.00. Following the completion of the sale, the senior vice president now owns 10,471 shares of the company’s stock, valued at $1,334,319.53. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kwmg LLC bought a new stake in Casey’s General Stores in the 2nd quarter worth about $106,000. Cerebellum GP LLC bought a new stake in Casey’s General Stores in the 2nd quarter worth about $142,000. Crossmark Global Holdings Inc. bought a new stake in Casey’s General Stores in the 2nd quarter worth about $204,000. Aristotle Atlantic Partners LLC increased its holdings in Casey’s General Stores by 33.1% in the 1st quarter. Aristotle Atlantic Partners LLC now owns 2,426 shares of the company’s stock worth $266,000 after buying an additional 603 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Casey’s General Stores by 134.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,241 shares of the company’s stock worth $341,000 after buying an additional 1,857 shares in the last quarter. Institutional investors own 95.71% of the company’s stock.
About Casey’s General Stores
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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