Casey's General Stores, Inc. (NASDAQ:CASY) Receives Average Rating of "Moderate Buy" from Analysts

Casey's General Stores, Inc. (NASDAQ:CASY - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $408.25.

A number of equities analysts have weighed in on CASY shares. Evercore ISI upped their price objective on shares of Casey's General Stores from $435.00 to $440.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on Casey's General Stores from $451.00 to $454.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut Casey's General Stores from a "neutral" rating to an "underweight" rating and increased their target price for the company from $300.00 to $337.00 in a research note on Thursday, September 19th. StockNews.com lowered shares of Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 3rd. Finally, Benchmark reiterated a "buy" rating and set a $410.00 price objective on shares of Casey's General Stores in a research note on Tuesday, September 10th.

Insider Buying and Selling

In other Casey's General Stores news, CEO Darren M. Rebelez sold 13,500 shares of the business's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $374.54, for a total transaction of $5,056,290.00. Following the completion of the transaction, the chief executive officer now directly owns 73,838 shares of the company's stock, valued at $27,655,284.52. The trade was a 15.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mike Spanos purchased 267 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was purchased at an average price of $376.18 per share, for a total transaction of $100,440.06. Following the purchase, the director now directly owns 2,594 shares of the company's stock, valued at $975,810.92. This trade represents a 11.47 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CASY. Park Place Capital Corp acquired a new stake in Casey's General Stores in the second quarter worth about $31,000. Advisors Asset Management Inc. acquired a new stake in shares of Casey's General Stores in the 1st quarter worth approximately $32,000. Innealta Capital LLC bought a new position in shares of Casey's General Stores in the second quarter valued at approximately $32,000. Bank & Trust Co acquired a new position in shares of Casey's General Stores during the second quarter valued at approximately $40,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Casey's General Stores by 941.7% during the third quarter. Venturi Wealth Management LLC now owns 125 shares of the company's stock valued at $47,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 85.63% of the company's stock.

Casey's General Stores Stock Down 0.3 %

Shares of CASY stock traded down $1.19 during trading hours on Monday, reaching $426.69. The company had a trading volume of 283,322 shares, compared to its average volume of 266,994. The company has a market capitalization of $15.84 billion, a P/E ratio of 31.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.44 and a current ratio of 0.84. Casey's General Stores has a twelve month low of $266.56 and a twelve month high of $435.60. The stock's fifty day simple moving average is $390.34 and its 200 day simple moving average is $373.12.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $4.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.54 by $0.29. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Casey's General Stores had a net margin of 3.40% and a return on equity of 17.07%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.52 earnings per share. As a group, sell-side analysts expect that Casey's General Stores will post 14.22 earnings per share for the current fiscal year.

Casey's General Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, November 1st. Casey's General Stores's dividend payout ratio (DPR) is presently 14.56%.

About Casey's General Stores

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 pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide 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, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.