Casey’s General Stores (NASDAQ:CASY) Reaches New 1-Year High at $242.14

Casey’s General Stores, Inc. (NASDAQ:CASYGet Rating)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $242.14 and last traded at $242.02, with a volume of 6747 shares. The stock had previously closed at $239.28.

Analyst Ratings Changes

CASY has been the subject of several research reports. Royal Bank of Canada increased their price objective on Casey’s General Stores from $250.00 to $256.00 and gave the company a “sector perform” rating in a report on Tuesday, November 15th. Stephens lifted their price objective on Casey’s General Stores from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, November 7th. BMO Capital Markets lifted their price objective on Casey’s General Stores from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, September 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Casey’s General Stores from $276.00 to $269.00 in a research report on Friday, September 9th. Finally, StockNews.com began coverage on shares of Casey’s General Stores in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $247.63.

Casey’s General Stores Trading Down 1.1 %

The business’s 50-day moving average price is $218.38 and its two-hundred day moving average price is $208.33. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 23.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.54.

Casey’s General Stores (NASDAQ:CASYGet Rating) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $4.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.23). The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.47 billion. Casey’s General Stores had a net margin of 2.63% and a return on equity of 16.73%. The company’s revenue was up 40.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.19 earnings per share. Equities analysts expect that Casey’s General Stores, Inc. will post 10.19 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st were issued a dividend of $0.38 per share. The ex-dividend date was Monday, October 31st. This represents a $1.52 annualized dividend and a yield of 0.64%. Casey’s General Stores’s payout ratio is currently 15.22%.

Insider Buying and Selling at Casey’s General Stores

In other Casey’s General Stores news, Director Mike Spanos acquired 454 shares of the stock in a transaction dated Monday, September 12th. The stock was purchased at an average price of $220.45 per share, with a total value of $100,084.30. Following the transaction, the director now directly owns 454 shares of the company’s stock, valued at $100,084.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.

Institutional Trading of Casey’s General Stores

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Casey’s General Stores by 0.7% in the third quarter. Vanguard Group Inc. now owns 3,734,566 shares of the company’s stock valued at $756,324,000 after buying an additional 25,687 shares in the last quarter. State Street Corp grew its position in Casey’s General Stores by 4.4% in the 3rd quarter. State Street Corp now owns 1,432,889 shares of the company’s stock worth $290,189,000 after purchasing an additional 60,487 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Casey’s General Stores by 1.0% in the first quarter. Brown Advisory Inc. now owns 803,610 shares of the company’s stock valued at $159,244,000 after acquiring an additional 7,598 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Casey’s General Stores by 4.7% during the third quarter. Thrivent Financial for Lutherans now owns 657,498 shares of the company’s stock worth $133,156,000 after buying an additional 29,485 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Casey’s General Stores by 0.4% in the 2nd quarter. National Bank of Canada FI now owns 639,650 shares of the company’s stock valued at $119,352,000 after acquiring an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 76.68% of the company’s stock.

About Casey’s General Stores

(Get Rating)

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 a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverages; tobacco and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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