Somewhat Negative Press Coverage Likely to Impact Caseys General Stores (CASY) Share Price

News headlines about Caseys General Stores (NASDAQ:CASY) have been trending somewhat negative this week, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Caseys General Stores earned a media sentiment score of -0.08 on AlphaOne’s scale. AlphaOne also gave headlines about the company an impact score of 69 out of 100, indicating that recent press coverage is likely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Alpha One Sentiment’s rankings:

Insider Buying and Selling by Quarter for Caseys General Stores (NASDAQ:CASY)

A number of brokerages recently commented on CASY. Zacks Investment Research lowered Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. Deutsche Bank AG set a $120.00 target price on Caseys General Stores and gave the company a “buy” rating in a research report on Tuesday, June 6th. Barclays PLC dropped their target price on Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 7th. BMO Capital Markets set a $110.00 target price on Caseys General Stores and gave the company a “market perform” rating in a research report on Wednesday, June 7th. Finally, Sidoti lowered Caseys General Stores from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $118.00 in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Caseys General Stores has an average rating of “Hold” and a consensus target price of $120.50.

Shares of Caseys General Stores (CASY) traded down 0.74% on Friday, reaching $108.03. The company’s stock had a trading volume of 946,187 shares. The stock has a 50-day moving average price of $112.73 and a 200-day moving average price of $115.07. Caseys General Stores has a 1-year low of $105.50 and a 1-year high of $136.22. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 24.11 and a beta of 0.48.

Caseys General Stores (NASDAQ:CASY) last announced its earnings results on Monday, June 5th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.09. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the business posted $1.19 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Caseys General Stores will post $4.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 1st will be paid a $0.26 dividend. This is an increase from Caseys General Stores’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, July 28th. Caseys General Stores’s dividend payout ratio (DPR) is 21.43%.

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About Caseys General Stores

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

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