The stock of Casey’s General Stores Inc. (NASDAQ:CASY) last traded at $217.82, up 3.87% from the previous session.
Data from the available sources indicates that Casey’s General Stores Inc. (NASDAQ:CASY) is covered by 13 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $285.00 and a low of $211.00, we find $270.00. Given the previous closing price of $209.70, this indicates a potential upside of 28.76 percent. CASY stock price is now -2.17% away from the 50-day moving average and 1.19% away from the 200-day moving average. The market capitalization of the company currently stands at $8.04B.
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In total, 6 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $260.17 as their price target over the next twelve months.
With the price target enhanced from $173 to $211, JP Morgan Upgraded its rating from Underweight to Neutral for Casey’s General Stores Inc. (NASDAQ: CASY). On December 20, 2022, Credit Suisse recently initiated its ‘Neutral’ rating on the stock quoting a target price of $254, while ‘Northcoast’ rates the stock as ‘Neutral’.
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 $98890.28. Insiders disposed of 24,059 shares of company stock worth roughly $5.24 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 WEDGE CAPITAL MANAGEMENT L L P/NC during the first quarter worth $32,876,000. HUDSON BAY CAPITAL MANAGEMENT LP invested $5,729,000 in shares of CASY during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Casey’s General Stores Inc. valued at approximately $5,588,000. GRANITE INVESTMENT PARTNERS, LLC acquired a new stake in CASY for approximately $3,671,000. WEISS MULTI-STRATEGY ADVISERS LLC purchased a new stake in CASY valued at around $3,210,000 in the second quarter. In total, there are 574 active investors with 87.40% ownership of the company’s stock.
With an opening price of $219.00 on Wednesday 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 $222.32 and a two-hundred day moving average price translates $215.34 for the stock.
The latest earnings results from Casey’s General Stores Inc. (NASDAQ: CASY) was released for Oct, 2022. According to the Specialty Retail Company, earnings per share came in at $3.69, beating analysts’ expectations of $3.16 by 0.53. This compares to $1.71 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 $3.33 billion for the quarter, compared to $3.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.31 percent. For the current quarter, analysts expect CASY to generate $3.41B 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 0.70% 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.
