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.
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.