The stock of Casey’s General Stores Inc. (NASDAQ:CASY) last traded at $219.18, down -1.91% from the previous session.
As we calculate the median target price by taking the range between a high of $291.00 and a low of $173.00, we find $263.00. Given the previous closing price of $223.44, this indicates a potential upside of 17.7 percent. CASY stock price is now -6.43% away from the 50-day moving average and 3.44% away from the 200-day moving average. The market capitalization of the company currently stands at $7.97B.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
Brokers who have rated the stock have averaged $255.27 as their price target over the next twelve months.
With the price target of $254, Credit Suisse recently initiated with Neutral rating for Casey’s General Stores Inc. (NASDAQ: CASY). , while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, Spanos Mike, Director bought 454 shares of the company’s stock on Sep 12. The stock was bought for $100,084 at an average price of $220.45. Upon completion of the transaction, the Director now directly owns 454 shares in the company, valued at $99507.72. Insiders disposed of 23,213 shares of company stock worth roughly $5.09 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CASY stock. A new stake in Casey’s General Stores Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $662,730,000. HENNESSY FUNDS INC invested $12,186,000 in shares of CASY during the first quarter. In the first quarter, J. GOLDMAN & CO LP acquired a new stake in Casey’s General Stores Inc. valued at approximately $6,221,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in CASY for approximately $5,623,000. RHEOS CAPITAL WORKS INC. purchased a new stake in CASY valued at around $5,523,000 in the second quarter. In total, there are 548 active investors with 87.40% ownership of the company’s stock.
With an opening price of $224.24 on Tuesday morning, Casey’s General Stores Inc. (NASDAQ: CASY) set off the trading day. During the past 12 months, Casey’s General Stores Inc. has had a low of $170.82 and a high of $249.90. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 1.10, and a quick ratio of 0.70. The fifty day moving average price for CASY is $234.06 and a two-hundred day moving average price translates $212.02 for the stock.
The latest earnings results from Casey’s General Stores Inc. (NASDAQ: CASY) was released for Jul, 2022. According to the Grocery Stores Company, earnings per share came in at $4.09, beating analysts’ expectations of $3.69 by 0.4. This compares to $2.59 EPS in the same period last year. The net profit margin was 2.80% and return on equity was 17.80% for CASY. The company reported revenue of $3.98 billion for the quarter, compared to $3.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.93 percent. For the current quarter, analysts expect CASY to generate $4.01B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/15/2023. Investors who held shares on 02/01/2023 were paid a $0.38 dividend. On an annualized basis, this represents a $1.52 dividend and a 0.69% percent yield. There was an ex-dividend date of 01/31/2023 for this dividend. In terms of dividend payout ratio, CASY is presently at 12.80%.
Casey’s General Stores Inc.(CASY) 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 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. The company’s stores also provide motor fuel for sale on a self-service basis; and gasoline and diesel fuel. In addition, its stores offer various products, include 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, electronic accessories, housewares, and pet supplies; and lotto/lottery and prepaid cards. Further, the company operates two stores that sells tobacco and nicotine products; one liquor store; and one grocery store. As of April 30, 2022, it operated 2,452 convenience stores. Casey’s General Stores, Inc. was founded in 1959 and is headquartered in Ankeny, Iowa.
